SERVICE REVENUE Kibitz Fitness received $12,000 from customers on September 30, 2009. These payments were advance payments

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SERVICE REVENUE Kibitz Fitness received $12,000 from customers on September 30, 2009. These payments were advance payments of yearly membership dues.

Required:

At December 31, 2009, calculate what the balances in the Unearned Service Revenue and Service Revenue accounts will be.

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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