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Jerrys Window Service received $14,000 from a client on February 20. This payment was an advance payment for 7 months of window cleaning starting March
Jerrys Window Service received $14,000 from a client on February 20. This
payment was an advance payment for 7 months of window cleaning starting
March 1. The window cleaning services are provided equally over the 7 months.
At May 31, calculate the balance in the unearned revenue account assuming that
all adjusting entries have been properly recorded.
Select one:
$14,000
$ 6,000
$10,000
$ 8,000
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