Knowledge Check For unearned revenues, indicate if the account type shown is over or understated prior to adjustment and what type of account is debited and credited in the unearned revenue adjusting entry. Accounts Before Adjustment Liability Revenue Overstated Understated Adjusting Entry DR CR Expense Asset

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For unearned revenues, indicate if the accosint type shown is over or understated prior to solystment and what type of accourt is debited and credited in the unearned revenue adjusting entry