Barths unadjusted trial balance reports Unearned Client Revenue of $9,000 and Client Revenue Earned of $45,000. An
Question:
Barth’s unadjusted trial balance reports Unearned Client Revenue of $9,000 and Client Revenue Earned of $45,000. An examination of client records reveals that $4,000 of previously unearned revenue has now been earned.
a. Prepare the necessary adjusting entry pertaining to these accounts.
b. At what amount will Client Revenue Earned be reported in Barth’s income statement?
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a Unearned Client Revenue 4000 Client Revenue Earned 4000 ...View the full answer
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Related Book For 
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781260247930
19th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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