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Report the adjusted balance

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At December 31, the unadjusted trial balance of H& R Tacks reports Unearned Revenue of $ 5,000 and Service Revenues of $ 33,800. One half of the unearned revenue has been earned as of December 31.

Prepare the adjusting journal entry on December 31. In separate T accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. 

Reference no: EM13876583

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