Service Revenue}

Melrose Milk Delivery provides weekly gourmet milk delivery to the residents of Nicetown. Melrose charges each customer \(\$ 45\) per week for its milk delivery, and it received advance payments for 2,000 weeks of milk delivery services in 2018. At December 31, 2018, two-thirds of the advance payments had been earned.

\section*{Required:}

After the adjustments are recorded and posted at December 31, 2018, calculate what the balances will be in the Unearned Revenue and Revenue accounts. Assume this is their first year of business.

\section*{Brief Exercise