Answer:
Debit Credit
Unearned revenue $2,500
($7,500/3)
Revenue $2,500
Step-by-step explanation:
The following adjusting entry shall be recorded in the accounts of the Biddle and Biddle, on January 31, in respect of revenue earned by it from accounting services:
Debit Credit
Unearned revenue $2,500
($7,500/3)
Revenue $2,500