(Solved): or each separate case below, follow the three-step process for adjusting the unearned revenue liabi ...

or each separate case below, follow the three-step process for adjusting the unearned revenue liability account at December \( 31 . \) tep 1: Determine what the current account balance equals. tep 2: Determine what the current account balance should equal. tep 3: Record the December 31 adjusting entry to get from step 1 to step 2 . Assume no other adjusting entries are made during the year. \( \otimes \) Answer is not complete.