[vfhbyf]

I have a trial balance for Dec 31, 2011.
...
Unearned sales revenue 4 000
Cost of goods sold 171 225
Sales 263 770
...

I need to prepare an adj. entry:
Unearned sales revenue of $975 is still unearned at Dec. 31, 2011. On the sales that were earned, cost of goods sold was $2 000.

So I did the following adj. entry:

1) Unearned sales revenue 3025
Sales revenue 3025

2) Cost of goods sold ?
Sales revenue ?

I am confused, don't know what exactly and how to do the entries.

[pready]

Number 1 is correct

For number 2 your credit should be to finished goods inventory or merchandise inventory (whichever inventory account you have).

[vfhbyf]

So, it would be
Cost of goods sold 2000
Merchandise inventory 2000
The amount would be 2000, like it was given in data for adjusting entry?

[pready]

You are correct.

[vfhbyf]

Thank you very much!!