Kibitz Fitness received $30,000 from customers on August 1, 2019. These payments were advance payments of yearly
Question:
Kibitz Fitness received $30,000 from customers on August 1, 2019. These payments were advance payments of yearly membership dues. Required: At December 31, 2019, calculate what the balances in the Unearned Service Revenue and Service Revenue accounts will be?
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Unearned service revenue 17500 Service revenue 12500 January1 2020...View the full answer
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