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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 $5,000
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?
Group of answer choices
unearned revenue, $2,000
service revenue, $2,000
unearned revenue, $3,000
service revenue, $3,000
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