At December 31, the unadjusted trial balance of H&R Tacks reports Unearned Revenue of$5,000 and Service Revenues of $33,800. One-half of the unearned revenue has been earnedas of December 31. Prepare the adjusting journal entry on December 31. In separate T-accountsfor each account, enter the unadjusted balances, post the adjusting journal entry, and report theadjusted balance

Question

At December 31, the unadjusted trial balance of H&R Tacks reports Unearned Revenue of
$5,000 and Service Revenues of $33,800. One-half of the unearned revenue has been earned
as of December 31. Prepare the adjusting journal entry on December 31. In separate T-accounts
for each account, enter the unadjusted balances, post the adjusting journal entry, and report the
adjusted balance

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Trial Balance and Adjustement Entries

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