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During 2018, the following events occurred for Parker Company Parker receives $24,000 cash in advance from Westberry Company for consulting services to be performed over
During 2018, the following events occurred for Parker Company
- Parker receives $24,000 cash in advance from Westberry Company for consulting services to be performed over a one-year period beginning March 1, 2018.
- Provided $58,100 of consulting services on account.
- Collected $16,000 cash from customers in partial settlement of its accounts receivable.
- Parker recognizes the portion of the unearned revenue it earned during the accounting period.
After recording all these transactions, Parkers balance in deferred revenue will be $______
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