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Fanatical Fitness is a health club. At the start of 2015 there was a liability on their balance sheet of $200,000, represen- ting the unused
Fanatical Fitness is a health club. At the start of 2015 there was a liability on their balance sheet of $200,000, represen- ting the unused balance of member's subscriptions paid in 2014 but extending into 2015. During 2015 they sold $1,800,000 of new subscriptions. At the end of 2015 the amount of subscriptions that customers had paid in advance was $500,000. Required: How much membership revenue should FF recognize for 2015
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