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.

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