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For each separate case, record an adjusting entry of necessary ) . a . Lonzo Company recelves $ 6 , 0 0 0 cash in
For each separate case, record an adjusting entry of necessary
a Lonzo Company recelves $ cash in advance for six months of recycling services on September and records in by debing
Cash and crediting Unearned Revenue for $ Lonzo provides recyeling services manthly as promised. Prepare the
December yearend adjusting entry that Lonzo records for the work performed from September through December
b On October Milwaukee Bucks sold a game ticket package for and recorded Uneamed Revenue. By December
of the games had been played. Record the December yearend adjusting entry that the Bucks record for the is of
revenue earned on the $ ticket package.
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