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  • Mar 8, 2007, 09:01 AM
    Paula Gomes
    Adjusting entries
    How shoud I record the following information:


    ( December 31 )

    Of the $37,000 balance in Unearned Revenue, $5,000 remains unearned.

    Thank you


    Paula
  • Mar 8, 2007, 05:16 PM
    CaptainForest
    Dr. Unearned Revenue 32,000
    Cr. Revenue 32,000

    37,000-5,000 = 32,000

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