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5. Consider Adjusting Journal Entries - Unearned Revenue Skypress Company collected $5,600 in May of 2013 for 4 months of service which would take place
5. Consider Adjusting Journal Entries - Unearned Revenue Skypress Company collected $5,600 in May of 2013 for 4 months of service which would take place from October of 2013 through January of 2014. The revenue reported from this transaction during 2013 would be:
$0 | |
$4,200 | |
$5,600 | |
$1,400 |
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