=+Obj 3 For the year ending June 30, 2006, Microsoft Corporation reported short-term unearned rev¬

enue of $9,138 million. For the year ending June 30, 2006, Microsoft also reported total revenues of $44,282 million,

(a) Assuming that Microsoft recognized $2,000 million of unearned revenue during the year, what entry for unearned revenue did Microsoft make during the year? Indicate each account affected, whether the account is increased or decreased, and the amount ofthe increase or decrease,

(b) What percentage oftotal revenues is the short-term unearned revenue as ofJune 30, 2006? Round to one decimal place.

E3-12 Effect ofomitting adjustment