Question: The following items require adjusting journal entries to prepare the financial statements for the year ended December 31, 2023: On January 10, 2023 $5000 deposit

The following items require adjusting journal entries to prepare the financial statements for the year ended December 31, 2023: On January 10, 2023 $5000 deposit was accepted from a client for tax work to be completed during the year. The deposit was recorded as unearned revenue when it was received. On December 31, 2023 all the tax work for the client is complete.

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