What type of adjustment will Kyle make to his trial balance worksheet for $2,500 he was paid on October 12, for work that he will start on December 1? Supplies Depreciation Accrued revenues Unearned revenue

Accounting Jan 16, 2021

What type of adjustment will Kyle make to his trial balance worksheet for $2,500 he was paid on October 12, for work that he will start on December 1?

Supplies

Depreciation

Accrued revenues

Unearned revenue

Expert Solution

In accounting, unearned revenue is prepaid revenue. This is money paid to a business in advance, before it actually provides goods or services to a client. Unearned revenue is a liability, or money a company owes.

So, the correct option is 4th "Unearned revenue".

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