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For each separate case belaw, follow the three-step process for adjusting the unearned revenue lisblity...

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Accounting

For each separate case belaw, follow the three-step process for adjusting the unearned revenue lisblity account at December 31.
Etep 1: Determine what the current account balsnce equals.
Etep 2- Determine what the current account bsisnce should equal.
Ftep 3: Record the December 31 adjusting entry to get from step 1 to step 2
Assume no other aglusting entries are mode ouring the year.
Tso Co. rosalvac $10,600 each in sdvanse for four months of evenly planned lagal cerviloes beginning on Oobobar 1. Tao
reoords it by debling Cash and oroditing Unearnad Revonua both for $10,600. It le now Dosembar 31, and Tao hag providad
legal carvioac as planned. What solucting antry chould Tao maks to aooount for the work parformed from Ootobar 1 through
Dooombar 31?
Gubsoriber, Caden dabific Cach and oreditc Unearned 8ubsoriptlon Favanue for the amounte resalvad. Tha oompany hac 100
new cubcerlbart ac of July 1. It Cande Consest Nswe to assh of these cuberoriberc avery month from July through Desembar.
tha aubcoription Revenus asoount and tha Unasmed aubcoription Revinus sooount.
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