MGS3 Uniforms. Note: the camo is replaced with the fruit camo in Snake Eater 3D, owing to that game replacing the Kerotan with Yoshi. In Snake Eater 3D, the banana camo can be unlocked by choosing I Like Metal Gear Solid: Peace Walker on the main menu when starting a new game.
We are simply separating the earned part from the unearned portion. Of the $30,000 unearned revenue, $6,000 is recognized as income. In the entry above, we removed $6,000 from the $30,000 liability.The balance of unearned revenue is now at $24,000.f at the end of the year the company earned 20% of the entire $30,000, then the adjusting entry would be: By debiting Service Income for $24,000, we are decreasing the income initially recorded. The balance of Service Income is now $6,000 ($30,000 - 24,000), which is actually the 20% portion already earned.
Report Abuse. Unearned revenue is a balance sheet account which does not get closed with your closing entries. It will be adjusted from the unearned revenue to the revenue account as it is earned. So it will remain on your closing trial balance.Hope this helps.or example at the beginning of the period you have $1000 of unearned revenue. But then at the end of period the balance for the account of unearned revenue is $400, that means you have to adjust it by $600 :) So sum that all up, unearned rev is not closed, but adjusted. Source(s): Just Me Â· 9 years ago. Thumbs up.