The unadjusted trial balance of Sunland Co. on June 30, 2024, includes the following selected accounts: SUNLAND CO. Trial Balance (Selected Accounts) June 30, 2024 Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Unearned revenue Debit $5600 3200 48600 Credit $4860 19000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The unadjusted trial balance of Sunland Co. on June 30, 2024, includes the following selected accounts:
SUNLAND CO.
Trial Balance (Selected Accounts)
June 30, 2024
Supplies
Prepaid insurance
Equipment
Accumulated depreciation-equipment
Unearned revenue
Debit
$5600
3200
48600
Credit
$4860
19000
Transcribed Image Text:The unadjusted trial balance of Sunland Co. on June 30, 2024, includes the following selected accounts: SUNLAND CO. Trial Balance (Selected Accounts) June 30, 2024 Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Unearned revenue Debit $5600 3200 48600 Credit $4860 19000
An analysis of the accounts shows that one-quarter of services related to the unearned revenue was performed in June 2024. Which
of the following reflects the adjusting entry for the month of June?
Unearned Revenue
Revenue
Revenue
Unearned Revenue
Unearned Revenue
Revenue
Unearned Revenue
Revenue
19000
4750
14250
4750
19000
4750
14250
4750
Transcribed Image Text:An analysis of the accounts shows that one-quarter of services related to the unearned revenue was performed in June 2024. Which of the following reflects the adjusting entry for the month of June? Unearned Revenue Revenue Revenue Unearned Revenue Unearned Revenue Revenue Unearned Revenue Revenue 19000 4750 14250 4750 19000 4750 14250 4750
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