Question

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

Answer 1

Answer:

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