Kibitz Fitness received $24,000 from customers on August 1, 2011. These payments were advance payments of yearly
Question:
Required:
At December 31, 2011, calculate what the balances in the Unearned Service Revenue and Service Revenue accounts will be.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Unearned service revenue 14000 Service revenue 10000 January 1 201...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
2+ Reviews
10+ Question Solved
Related Book For 
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Question Posted:
