Runway Care, Inc. provides contract mowing services for private airfields with grass runways.
Some clients prepay for their mowing services early in the spring and their payment is credited to Unearned revenue. The following information was taken from Runway’s 2008 financial statements.

Runway received $73,000 of payments on accounts receivable during July.
Required:
How much revenue should Runway report for the month of July?

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Accounts receivable Unearned revenue Balance at June 30 July 31 $30,000 $29,000 5,000 3,000