Activity 2 Identification: Create an adjusting entry for unearned revenue Original Entry: UNEARNED STORAGE FEES P10.000 RENT INCOME P7.500 SERVICE INCOME P5,500 2. Of the amount credited to Unearned storage fees, only 4,500 has been earned at the end of the year. Date Particulars Debit Credit 3. Of the income received of P1,500 that is applicable to the next accounting period. Date Particulars Debit Credit 4. Service income still Unearned P3,000 Date Particulars Debit Credit