Question: For each separate case, record the December 3 1 year - end adjusting journal entry. Assume no other adjusting entries are made during the year.

For each separate case, record the December 31 year-end adjusting journal entry. Assume no other adjusting entries are made during the year.
A client paid $460 cash in advance on December 1 for 10 sessions. This was recorded with a debit to Cash and a credit to Unearned Services Revenue. The Company charges $46 per session. At December 31, the company had performed 2 sessions for the client.
A tenant paid the company $33,600 cash for twelve months of rent in advance and moved in immediately on September 1. The company recorded a debit to Cash and a credit to Unearned Rent Revenue for the advance payment on September 1.

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