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12 of 25 On April 1, 2010, Schuster Company received $648,000 from selling annual passes to its Florida anasement parks, which are open year-round. Assume
12 of 25 On April 1, 2010, Schuster Company received $648,000 from selling annual passes to its Florida anasement parks, which are open year-round. Assume that Schuster Company made the appropriate originating journal entry on April 1, 2010, and no adjustments have been made during the year. Prepare the necessary adjusting journal entry to be recorded on December 31, 2010? (Tip: You may find it helpful to write out out the originating entry.) Account Revenue (+R) Unearned Revenue (+L) Saved! No Journal Entry Required Debit 486,000.00 Credit 486,000.00
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