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2 October, 17:09

What type of adjustment is Completed services that were paid for six months earlier, $1,070? The Service Revenue unadjusted balance as of December 31 is $10,300. The Unearned Revenue balance as of December 31 is $11,600

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  1. 2 October, 20:32
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    Unearned Revenue Balance $10530

    Service revenue Balance $11370

    Explanation:

    given data

    time = 6 month

    Completed services paid = $1,070

    Service Revenue unadjusted = $10,300

    Unearned Revenue balance = $11,600

    solution

    Unearned Revenue

    31-Dec $11,600

    31-Dec $1070

    Balance $11,600 - $1070

    Balance $10530

    and

    Service revenue

    31-Dec $10,300

    31-Dec $1070

    balance $10,300 + $1070

    Balance $11370
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