on January 30 when sells 18,001 year subscriptions. During February when earns one month worth of subscriptions. Record these 2 transactions.

As time goes by, what is happening to the liability? Why?

Illustration: On January 30, Lynn sells $18,000 in one-year subscriptions. During February, Lynn earns 1 month worth of subscriptions Record these 2 transactions. cash unearned rev 18,000 18.000 1500 unearned rev revenue 1500 As time goes by, what is happing to the liability? Why