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

    Nov 3, 2010, 10:03 AM
    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
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Nov 5, 2010, 12:35 PM

    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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