Our uneamed revenus account had a credit balance of $5,000 before adputing entries were reconded....
50.1K
Verified Solution
Link Copied!
Question
Accounting
Our uneamed revenus account had a credit balance of $5,000 before adputing entries were reconded. On December 31 , we detennined thut $2,000 of the $5,000 had been eamed during the current year. What account and amount would we credt when we recoed this adjating entry in the gencral journal? incarned remence, 32000 incered revenve $3000 senke niment 13000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
