Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 42 - No. 36)

What accounts are generally affected by an adjusting entry for unearned revenue that is now earned?

Unearned Revenue (liability account)

Service Revenue (revenue account)

Accounts Receivable (asset account)

Cash (asset account)

Unearned Revenue (a liability) decreases, and Revenue increases.