Q3-54. The Unearned Revenue account of Genius Incorporated began 20X6 with a normal balance of $3,000 and
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Q3-54. The Unearned Revenue account of Genius Incorporated began 20X6 with a normal balance of $3,000 and ended 20X6 with a normal balance of $18,000. During 20X6, the Unearned Revenue account was credited for $27,000 that Genius will earn later. Based on these facts, how much revenue did Genius earn in 20X6?
a. $6,000
c. $15,000
b. $12,000
d. $27,000
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Related Book For 
Financial Accounting International Financial Reporting Standards Global Edition
ISBN: 9781292211145
11th Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
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