l Example 10: Unearned Revenues Unearned Revenue. Pioneer Advertising received $12,000 on October 2nd from...
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l Example 10: Unearned Revenues Unearned Revenue. Pioneer Advertising received $12,000 on October 2nd from KC for advertising services expected to be completed by December 31. Prepare the journal entry to record the receipt on October 2nd.
Unearned Revenues. Analysis reveals that Pioneer Advertising earned $4,000 of the advertising services in October. Prepare the entry to record the revenue for services performed.
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