P9.1.4 Adjusting Entry Unearned Revenue Complete the following adjusting entry for Mookie The Beagle Concierge. On January 14, 2022, Angel prepaid $3,200 for pet care services to be provided each Friday for 8 weeks for her German Shepherd, Kuno. Mookie The Beagle Concierge recorded the entire $3,200 as Sales. At the end of the accounting period on January 31, 3 weeks (01/14, 01/21, 01/28) of the pet care services had been provided to Kuno, so 5 weeks of services or $2,000 ($3,200/8 = $400 per week) had not been earned as of the end of January. Since $2,000 had not been earned, the $2,000 is a liability because Mookie The Beagle Concierge has an obligation to provide the pet care service or return the $2,000 to the customer. So an adjusting entry is needed to bring accounts up to date at January 31. 1. Complete the following table. Debit or Credit? Amount Account Account Type Increase or Decrease? Sales Income Unearned Revenue Liability