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    candyautry's Avatar
    candyautry Posts: 1, Reputation: 1
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    #1

    Jul 30, 2009, 04:25 PM
    Journalizing Unearned Revenue
    Dec. 1 Collected $3,200 cash in advance from customers. The service revenue will be earned $800 monthly over the four-month period ending March 31, 2009.

    Requirements

    Journalize these entries by debiting an asset account for Prepaid Rent and by crediting a liability account for Unearned Service Revenue.

    Journalize the related adjustments at December 31, 2008
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 30, 2009, 09:41 PM

    Please see the guidelines for posting homework problems:
    Ask Me Help Desk - Announcements in Forum : Homework Help
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