Question: Tools Window Help * 73% Sample Mid Term.pdf (page 3 of 13) 6. I The September 30, 20x2 unadjusted trial balance of Lipper Company showed

 Tools Window Help * 73% Sample Mid Term.pdf (page 3 of

Tools Window Help * 73% Sample Mid Term.pdf (page 3 of 13) 6. I The September 30, 20x2 unadjusted trial balance of Lipper Company showed a credit balance of $47,000 in the unearned revenue account. Of this amount, $17,000 had still not been earned at September 30, 20x2. Which of the following would be the correct September 30, 20x2 adjusting journal entry with respect to unearned revenue? a) Unearned Revenue 30,000 Revenue 30,000 b) Unearned Revenue 17,000 Revenue 17,000 c) Revenue 30,000 Unearned Revenue 30,000 d) Cash 17,000 Revenue 17,000

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