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Cornerstone Exercise 5-21 (Algorithmic) Service Revenue Kibitz Fitness received $26,000 from customers on August 1, 2019. These payments were advance payments of yearly membership dues.

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Cornerstone Exercise 5-21 (Algorithmic) Service Revenue Kibitz Fitness received $26,000 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. Round your answers to the nearest dollar. Unearned Service Revenue $ Service Revenue

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