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eBook Cornerstone Exercise 5-21 (Algorithmic) Service Revenue Kibitz Fitness received $23,000 from customers on August 1, 2019. These payments were advance payments of yearly

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eBook Cornerstone Exercise 5-21 (Algorithmic) Service Revenue Kibitz Fitness received $23,000 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 Uneamed Service Revenue and Service Revenue accounts will be. Round your answers to the nearest dollar Unearned Service Revenue Service Revenue 9430 X 9,430 X Feedback Check My Work When receiving payment in advance for services yet to be performed, revenue should be recognized as it is eamed

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