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On december 10,2020 Peach Inc. received a cheque for $54,500 from a customer for services that peach will be performing in december 2020 and january

On december 10,2020 Peach Inc. received a cheque for $54,500 from a customer for services that peach will be performing in december 2020 and january 2021. By december 31,2020, Peach had earned 40% of that amount. Assuming rge appropriate year-end adjustments were made, the 2020 balance in Peach's unearned revenue account will be

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