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Prepare the t-accounts for each account

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Reference no: EM133023025

Question - 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 -

Prepare the adjusting journal entry on December 31.

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

Reference no: EM133023025

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