Which of the following accounts typically needs to be adjusted?

Question

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Unearned revenue is a liability account that requires adjustment when the company has earned a portion of the revenue but has not yet recognized it in its financial statements. This is because the company has an obligation to provide goods or services in the future for which they have already received payment. Adjusting the unearned revenue account helps to accurately reflect the revenue that has been earned and the corresponding expenses that should be recognized.

Which of the Following Accounts Typically Needs to Be Adjusted