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How do make the adjusting journal entry on december

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Reference no: EM132643273

At December 31, the unadjusted trial balance of H&R Tacks reports Deferred Revenue of $5,400 and Service Revenues of $34,200. Obligations for one-half of the deferred revenue have been fulfilled as of December 31.

Required:

Question 1: How do Make the adjusting journal entry on December 31.

Question 2: Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

Reference no: EM132643273

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