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Our unearned revenue account had a credit balance of $5,000 before adjusting entries were recorded. On December 31, we determined that $2,000 of the
Our unearned revenue account had a credit balance of $5,000 before adjusting entries were recorded. On December 31, we determined that $2,000 of the $5,000 had been earned during the current year. What account and amount would we debit when we record this adjusting entry in the general journal? 00 0 unearned revenue, $2,000 fees earned. $2,000 unearned revenue. $3,000 fees earned, $3,000 Question 5 4 pts We purchased a vehicle for $45,000. It has an estimated useful life of 5 years and no residual value. What is the dollar amount we would record in our adjusting entry each month for depreciation of the vehicle if we use the straight-line method of depreciation? $9,000 $900 $750 $500
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