Question: For each separate case, record an adjusting entry (if necessary). a. Lonzo Company receives $5,100 cash in advance for six months of recycling services on


For each separate case, record an adjusting entry (if necessary). a. Lonzo Company receives $5,100 cash in advance for six months of recycling services on September 1 and records by debiting Cash and crediting Unearned Revenue for $5,100. Lonzo provides recycling services monthly a promised. b. On October 20, Milwaukee Bucks sol a 10 game ticket package for $340 an recorded Unearned Revenue. By December 31, 4 of the 10 games had been played. Record the December 3 year-end adjusting entry that the Bucks record for the 40% of revenue earned on the $340 ticket package. Prepare the December 31 year-end entry that companies record to adjust the Revenue and the Unearned Revenue accounts. ice provided for 4 months of 6 11 Debit Credit View general journ View transaction list Journal entry worksheet 1 2 Record the revenue earned from th months contracted. Note: Enter debits before credits. General Date Dec. 31 Record entry Clear
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