The Unearned Revenue account of Melrose Incorporated began 2021 with a normal balance of $5,500 and ended
Question:
The Unearned Revenue account of Melrose Incorporated began 2021 with a normal balance of $5,500 and ended 2021 with a normal balance of $16,000. During 2021, the Unearned Revenue account was credited for $19,000 that Melrose will earn later. Based on these facts, how much revenue did Melrose earn in 2021?
a. $8,500
b. $19,000
c. $29,500
d. $0
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Muhammad Umair
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