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In its first month of business, Sea World Cruises, Inc., collected $36,000 from customers in advance during May. At May 31, it had a balance
In its first month of business, Sea World Cruises, Inc., collected $36,000 from customers in advance during May. At May 31, it had a balance in its Deferred Revenue of $11,000. What is the amount of Revenue earned that had been collected in advance?
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
2nd Canadian Edition
