I'm working on an Accounting Cycle project. The transaction account says that the company received 25,500 on July 23 2019 for a job that they will...
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I'm working on an Accounting Cycle project. The transaction account says that the company received 25,500 on July

23 2019 for a job that they will perform aug 1 2019- jan31 2020 (6 months). The journal I'm preparing is for July transactions. What would the unearned revenue be for July? Would it need to be adjusted since the work will not be done till the next month?

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