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    Paula Gomes's Avatar
    Paula Gomes Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Mar 8, 2007, 09:01 AM
    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
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

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

    37,000-5,000 = 32,000
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