During the year ended December 31, 2020, clients paid fees in advance for legal services amounting to $5,000. These fees were recorded in an account called Unearned Accounting Service Revenue. If $3,000 of these fees are still unearned on December 31, 2020, what is the required December 31 adjusting entry?
Definitions:
Informed Consent
A formal acknowledgment by research subjects (respondents) that they understand the purpose of the research and agree to be studied.
U.S. Government
A system of governance in the United States that is defined by the Constitution and composed of three branches: the legislative, executive, and judicial branches, which function to create, enforce, and interpret laws, respectively.
American Sociological Association
A professional association for sociologists in the United States, dedicated to advancing sociology as a scientific discipline and profession.
Validity
The degree to which a research study accurately reflects or assesses the specific concept that the researcher is attempting to measure.
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