Question: For each separate case, record an adjusting entry (if necessary). o. Lonzo Company receives 53.000 cash in advance for six months of recycling services on

services on September 1 and records it by debiting Cash and crediting

For each separate case, record an adjusting entry (if necessary). o. Lonzo Company receives 53.000 cash in advance for six months of recycling services on September 1 and records it by debiting Cash and crediting Uneamed Revenue for $3,000. Lonzo provides recycling services monthly as promised b. On October 20. Milwaukee Bucks sold a 10 game ticket package for $200 and recorded Unearned Revenue By December 314 of the 10 games had been prayed. Record the December 31 year-end adjusting entry that the Bucks record for the 40% of revenue eamed on the $200 ticket package Prepare the December 31 year-end entry that companies record to adjust the Revenue and the Uneamed Revenue accounts View transaction list Journal entry worksheet

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