In journalizing adjusting entries, an Unearned Revenue account is debited for any portion earned during the accounting period.

Question

Quizplus · Accepted Answer

This is correct. When adjusting entries are made, any portion of unearned revenue that has been earned during the accounting period is recognized and recorded by debiting the Unearned Revenue account. This is necessary to properly reflect the income earned during the period and to ensure that financial statements are accurate.

In Journalizing Adjusting Entries, an Unearned Revenue Account Is Debited