Question
On 1/10/2020, Smart Law Company received $ 6,000 from Mr. Rami, for legal services to be provided for him, in the next 5 months.
On 1/10/2020, Smart Law Company received $ 6,000 from Mr. Rami, for legal services to be provided for him, in the next 5 months. If the company closes its accounts annually, on 31 December of every year, what is the balance in the unearned service revenue account, to appear on the company's balance sheet, on 31/12/2020? Put the answer without any $ sign or comma , if the answer is $5000 , just insert in the space 5000
Step by Step Solution
3.46 Rating (146 Votes )
There are 3 Steps involved in it
Step: 1
Answer Explanation Question What is the balance in the unearned se...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App