On June 1, one company collected total subscriptions of $22,800 in which they promise to deliver of their products to his customers. They would earn the sales revenue equally for each month. As of December 31, what would be the balance of Unearned Revenue for one company?

On June 1, one company collected total subscriptions of $22,800 in which they promise to deliver of their products to his customers. They would earn the sales revenue equally for each month. As of December 31, what would be the balance of Unearned Revenue for one company?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 3Q: On January 1, a flower shop contracts with customers to provide flowers for their wedding on June 2....

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On June 1, one company collected total subscriptions of $22,800 in which they promise to deliver of their products to his customers. They would earn the sales revenue equally for each month.

As of December 31, what would be the balance of Unearned Revenue for one company?

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