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At December 31, the unadjusted trial balance of H&R Tacks reports Deferred Revenue of $4,800 and Service Revenues of $33,600. Obligations for one-half of the
At December 31, the unadjusted trial balance of H&R Tacks reports Deferred Revenue of $4,800 and Service Revenues of $33,600. Obligations for one-half of the deferred revenue have been fulfilled as of December 31 Required: 1. Prepare the adjusting journal entry on December 31 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Prepare the adjusting journal entry on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the adjusting entry on December 31. Note: Enter debits before credits General Journal Credit Date Debit December 31 A Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance Deferred Revenue Service Revenue Beg. Bal Beg. Bal. End. Bal End. Bal
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