You review your revenue and unearned revenue accounts to make sure all earned revenue (and only earned revenue) is recognized. - All the income billed in February was earned in February so you don't need to defer any revenue. - For Unearned revenue, you review the entries made in January. The unearned revenue for Annie Wang at the end of January was for sessions held in February. The unearned revenue for Teacher's College was for a workshop held in February. You make the appropriate entry to properly recognize any February revenue. - You record depreciation for the shelving placed in service on 2/1. The cost was $820 . You think the shelving will have a $100 salvage value. You depreciate it over the lease term (24 months). TIP: Don't forget to depreciate all the fixed assets purchased in prior months. The depreciation amount for those items will be the same as the entry in January. - You make other adjusting journal entries, dated 2/28