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For each separate case, record an adjusting entry (if necessary). a. Lonzo Company receives $4,500 cash in advance for six months of recycling services
For each separate case, record an adjusting entry (if necessary). a. Lonzo Company receives $4,500 cash in advance for six months of recycling services on Septembe Cash and crediting Unearned Revenue for $4,500. Lonzo provides recycling services monthly as pr 31 year-end adjusting entry that Lonzo records for the work performed from September 1 through D b. On October 20, Milwaukee Bucks sold a 10 game ticket package for $300 and recorded Unearned the 10 games had been played. Record the December 31 year-end adjusting entry that the Bucks re earned on the $300 ticket package. View transaction list Journal entry worksheet < 1 2 Record the revenue earned from the service provided for 4 months of 6 months contracted. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Unearned revenue Service revenue Record entry Clear entry View general iournal >
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