Please do not give image format The records for Carla Vista Company showed the following for 2025:Unearned revenueAccrued revenueJan. 1$1,200Amount of revenue1,200Dec. 31$$2,100Cash collected during the year for revenue, $72,000Calculate the amount of revenue that should be reported on the income statement.810

The accrued revenue is the revenue earned but not received in cash.The unearned revenue is the…

The records for Carla Vista Company showed the following for 2025: Unearned revenue Accrued revenue Jan. 1 $1,200 Amount of revenue 1,200 Cash collected during the year for revenue, $72,000 Dec. 31 $2,100 Calculate the amount of revenue that should be reported on the income statement. $ 810 LA

The records for Carla Vista Company showed the following for 2025: Unearned revenue Accrued revenue Jan. 1 $1,200 Amount of revenue 1,200 Cash collected during the year for revenue, $72,000 Dec. 31 $2,100 Calculate the amount of revenue that should be reported on the income statement. $ 810 LA

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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Question

Please do not give image format

The records for Carla Vista Company showed the following for 2025:
Unearned revenue
Accrued revenue
Jan. 1
$1,200
Amount of revenue
1,200
Dec. 31
$
$2,100
Cash collected during the year for revenue, $72,000
Calculate the amount of revenue that should be reported on the income statement.
810

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