Question
In April of 2009, Yodel's Corporation, a newly developed internet game company, received $1,110,000 for 2,000 three-year subscriptions to a new online game priced at
In April of 2009,Yodel's Corporation, a newly developed internet game company, received $1,110,000 for 2,000 three-year subscriptions to a new online game priced at $185 per year. The subscriptions do not start until July of 2009. Fill in the following chart for each of the given years to show the amount of revenue to be recognized on the income statement and the related liability reported on the year-end balance sheet.Yodel'sCorp fiscal year end is December 31. (Round your answers to the nearest whole dollar. Complete all answerboxes.)
| Revenue recognized during | Unearned revenue at December 31 |
2009 |
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2010 |
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2011 |
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2012 |
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