. Assume that $100 of interest is earned, as of Oct. 31st, on an outstanding balance due from a customer. Here is the adjusting entry:

Oct. 31: Debit: Interest Receivable $100

Credit: Interest Revenue $100

Let's have some additional practice with this concept and the Unearned Revenue account. Please provide the following adjusting entry:

Oct. 31: The balance in the Unearned Revenue account is $950 as of Oct. 1st. An analysis of that account indicates that $400 has now been earned.