Question
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 credit when we record this adjusting entry in the general journal? unearned revenue, $2,000 fees earned, $2,000 unearned revenue, $3,000 fees earned, $3,000 D Question 3 4 pts Our employees worked the last two weeks of December. They will be paid in January. What account would we credit when we record the December 31 adjusting entry in the general journal? cash Osalaries expense salaries payable accounts payable
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