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Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Company. Blossom uses the accounts Uneamed
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nate Tournal Entries Account Titles & Explanation Debit credit 15,000 Julg-st Cash service Unearned Revenue 15,000 rec-31st 3at 3142 2 Service Revenue particulars Amt at particulad Ant aldring Balance 3750 12 31 unearned 3750 service Revenue 3750 375

Closing balance will be shown in Balance sheet liabilities side

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