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Q: How would services related to unearned service revenue were performed look like on general journal?
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What is the journal entry for unearned income?

debit unearned incomecredit services liability


What is the journal entry for prepaid income?

The journal entry for prepaid income is a debit to the Cash account and a credit to the Unearned Revenue account. The Unearned Revenue account is a liability. The rationale for such an entry is that this is income received in advance. This means that the income has not been earned since the services have not yet been performed. When the services have been performed it is appropriate to recognize the revenue and offset the liability account, unearned revenue.


Posting is performed by transferring information from the?

general journal to the general ledger...


Where are services performed for cash should be recorded?

Revenue journal


Services performed for cash should be recorded in the?

Revenue Journal


Journal entry for unearned interest income?

[Debit] Cash / bank [Credit] Unearned Interest Income


What could be journal entries for unearned revenue?

Initial receipt of unearned revenue from a customer for service to be provided in the future. Recognition of the unearned revenue as the service is performed and earned. Adjustment entry to reflect the portion of unearned revenue that has now been earned.


Post the journal entry of 1500 unearned rent?

Debit cash /bank 1500Credit Unearned rent 1500


What Journal entry for services performed but not received cash?

debit accounts receivablecredit services revenue


Income received in advance journal entry?

income recived a/c dr to unearned income


What is the journal entry for payment which is not earned?

debit cash / bankcredit unearned revenue


Journal entry for income received in advance?

Debit customer depositsCredit unearned revenue