Question
On June 1, Dansby's Bookkeeping Service had a beginning balance in Unearned Revenue of $2,000. During June, Dansby earned $1,000 of the unearned revenue. He
On June 1, Dansby's Bookkeeping Service had a beginning balance in Unearned Revenue of $2,000. During June, Dansby earned $1,000 of the unearned revenue. He also received a $6,000 payment from a new customer for services to be performed in July. What is the balance of the Unearned Revenue at the end of June?
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$3,000
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$5,000
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$9,000
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$7,000
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Accounting Information Systems
Authors: George H. Bodnar, William S. Hopwood
8th Edition
0130861774, 9780130861771
