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On July 1, a client paid an advance payment (retainer) of $6,200 to cover future legal services, During the period, the company completed $5,100 of

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On July 1, a client paid an advance payment (retainer) of $6,200 to cover future legal services, During the period, the company completed $5,100 of the agreed on services for the client. There was no beginning balance in the Unearned Revenue account for the period. Based on the information provided, A. Make the December 31 adjusting journal entry to bring the balances to correct. If an amount box does not require an entry, leave it blank Dec, 31 Cash 98 Unearned Foe Revenue B. Show the impact that these transactions had. If an amount box does not require an entry, Itave it blank. Unearned Fee Revenue Beginning Balance Advance/Retainer Subtotal Earned Unearned

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