Question

Jasper’s unadjusted trial balance reports Unearned Client Revenue of $3,200 and Client Revenue Earned of $29,000. An examination of client records reveals that $2,800 of previously unearned revenue has now been earned.
Prepare the necessary adjusting entry pertaining to these accounts.
At what amount will Client Revenue Earned be reported in Jasper’s income statement?



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  • CreatedApril 17, 2014
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