QS $3-12($Algo$)$ Adjusting for unearned $($deferred$)$ revenues LO P$2$

For each separate case, record an adjusting entry $($if necessary$).$

Lonzo Company receives $$8,100$ cash in advance for six months of recycling services on September $1$ and records it by debiting Cash and crediting Unearned Revenue for $$8,100.$ Lonzo provides recycling services monthly as promised. Prepare the December $31$ year$-$end adjusting entry that Lonzo records for the work performed from September $1$ through December $31.$

On October $20,$ Milwaukee Bucks sold a $10$ game ticket package for $$540$ and recorded Unearned Revenue. By December $31,4$ of the $10$ games had been played. Record the December $31$ year$-$end adjusting entry that the Bucks record for the $40\%$ of revenue earned on the $$540$ ticket package.