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The Unearned Service Revenue account shows an adjusted end-of-year balance of P300,000.The adjusting entry to Unearned Service Revenue indicated P400,000 in Service Revenue was earned
The Unearned Service Revenue account shows an adjusted end-of-year balance of P300,000.The adjusting entry to Unearned Service Revenue indicated P400,000 in Service Revenue was earned during the accounting period.What was the balance of the Unearned Service Revenue account before the adjusting entry was recorded?
P100,000 debit
P700,000 credit
P100,000 credit
P700,000 debit
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