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  3. for each separate case, record an adjusting entry

For each separate case, record an adjusting entry (if necessary). a. Lonzo Company receives $3,000...

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Accounting

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For each separate case, record an adjusting entry (if necessary). a. Lonzo Company receives $3,000 cash in advance for six months of recycling services on September 1 and records it by debiting Cash and crediting Unearned Revenue for $3,000. Lonzo provides recycling services monthly as promised. b. On October 20, Milwaukee Bucks sold a 10 game ticket package for $200 and recorded Unearned Revenue. By December 31, 4 of the 10 games had been played. Record the December 31 year-end adjusting entry that the Bucks record for the 40% of revenue earned on the $200 ticket package. Prepare the December 31 year-end entry that companies record to adjust the Revenue and the Unearned Revenue accounts. View transaction list Journal entry worksheet 1 2 Record the recognize revenue earned from the ticket sale for 4 of 10 games played. Note: Enter debits before credits

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