If the Unearned Revenue Account Had an Unadjusted Normal Balance

question 10

Multiple Choice

If the Unearned Revenue account had an unadjusted normal balance of $3,800, and an adjustment was made debiting the account for $500, the amount would appear in the Adjusted Trial Balance columns of the work sheet as a

• A) $4,300 debit.
• B) $4,300 credit.
• C) $3,300 debit.
• D) $3,300 credit.
• E) $3,800 debit.

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Definitions:

Losing Value

A decrease in the worth or market value of an asset over time.