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In its first month of business, Sea World Cruises, Inc., collected $37,000 from customers in advance during May. At May 31, it had a balance

In its first month of business, Sea World Cruises, Inc., collected $37,000 from customers in advance during May. At May 31, it had a balance in its Deferred Revenue of $9,000. What is the amount of Revenue earned that had been collected in advance?

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