Please answer question 7 and 8 since they work together for me to find correct solution.Use the foll
Please answer question 7 and 8 since they work together for me to find correct solution.Use the following information to answer the next two questionsOn December 31, 2012, Bernadino Corporation made an adjusting entry to recognize unearned revenue now earned. Originally, the revenue was recorded in a realaccount when cash was received.7.The journal entry on December 31, 2012 would include a debit to which type of account?LiabilityOwners’ EquityRevenueExpenseAsset8.The journal entry on December 31, 2012, would include a credit to which type of account?LiabilityOwners’ Equitymtow?RevenueExpenseAsset
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