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  • Nov 3, 2010, 10:03 AM
    jaelijah
    Journal entry
    If I have a balance of 9000, in unearned revenue at the beginning of the month, and then only 7,000 balance of the unearned revenue - how will I prepare a journal entry
  • Nov 5, 2010, 12:35 PM
    pready

    You have 2,00 of unearned revenue that is earned, therefore the journal entry will be:
    Debit Unearned revenue for the amount
    Credit Earned Revenue (or appropriate revnue account) for the amount

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