During 2017, Tian Trucking earned $4,000 of revenue which was previously recorded as unearned revenue. On January 1, 2017, Tian Trucking’s unearned revenue balance was $12,000. On December 31, 2017, Tian Trucking’s unearned revenue balance is $13,800. How much cash did Tian Trucking collect from customers in advance of providing trucking services?

During 2017, Tian Trucking earned $4,000 of revenue which was previously recorded as unearned revenue. On January 1, 2017, Tian Trucking’s unearned revenue balance was $12,000. On December 31, 2017, Tian Trucking’s unearned revenue balance is $13,800. How much cash did Tian Trucking collect from customers in advance of providing trucking services?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter3: Basic Accounting Systems: Accrual Basis

Section: Chapter Questions

Problem 2SEQ: On January 24, 20Y8, Niche Consulting collected $5,700 it had hilled its clients for services...

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