Three-Fifths (60%)of the Amount Recorded as Unearned Revenue Remains Unearned

question 98

Multiple Choice

Three-fifths (60%) of the amount recorded as unearned revenue remains unearned as of 12/31/13.The adjusting entry would include

• A)a credit to service revenue for $3,000.
• B)a credit to unearned revenue for $3,000.
• C)a credit to service revenue for $2,000.
• D)a credit to unearned revenue for $2,000.

---

Definitions:

First

The initial element or starting point in a series or process.

Mass Communication

The exchange of information on a large scale to a wide range of people through mediums like television, radio, newspapers, and the internet.

Large Audience

A significant number of people gathered physically or connected virtually to engage with a specific event, performance, or broadcast.

Messages

A form of communication or a medium through which information is transferred from one entity to another.