15

On January 1, the Shamrock, CPAs received a $5,625 cash retainer for accounting services to be provided evenly over the next 3 months. The full amount was credited to the liability account Unearned Service Revenue. Assuming that the revenue is recognized evenly over the 3 month period, what adjusting journal entry should be made at January 31? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 31

enter an account title for the journal entry on January 31

enter a debit amount

enter a credit amount

enter an account title for the journal entry on January 31

enter a debit amount

enter a credit amount