Proprietor Comp Prob Customer Payment Unearned Revenue – 60 Journal Entry for Unearned Revenue

Comprehensive sole proprietorship problem recording journal entry related to unearned revenue. The journal entry will be journalized in the general journal, posted to the general ledger and be used to create the trial balance. Unearned revenue is a result of receiving cash that has not yet been earned. In other words, cash is received before… Continue reading Proprietor Comp Prob Customer Payment Unearned Revenue – 60 Journal Entry for Unearned Revenue