Service Revenue}

\(\mathrm{H} \& \mathrm{R}\) Wholesalers is a retailer providing low-cost, bulk items to small companies. Companies must pay an annual membership fee of \(\$ 100\) to access H\&R's warehouses. H\&R received yearly membership fees from 320 companies on August 1, 2018.

\section*{Required:}

At December 31, 2018, calculate the remaining amount of Unearned Revenue and the account balance of the Revenue account. Assume this is their first year of business.

\section*{Brief Exercise