Hello, I need help with this one Please,
Need to adjust entries for adjusted trial balance.---in journal form
Year end June 30, 20xx
On June 1, 20xx, Company accepted advance of $21,000 for services to be performed in the next year.
The $21,000 was credited to Unearned Service Revenue.
I have NO ENTRY as my answer.
No services performed in this period so NO adj needed?