When recording an adjusting entry for unearned revenues O a. a liability account is credited. O b. an asset account is credited. O c. a revenue account is debited. O d. a liability account is debited.

When recording an adjusting entry for unearned revenues O a. a liability account is credited. O b. an asset account is credited. O c. a revenue account is debited. O d. a liability account is debited.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 15MC: Which of these transactions requires an adjusting entry (debit) to Unearned Revenue? A. revenue...

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

When recording an adjusting entry for unearned revenues
O a. a liability account is credited.
O b. an asset account is credited.
O c. a revenue account is debited.
O d. a liability account is debited.

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