Question
On March 1, the Unearned Revenue account had a credit balance of $4,000. During March, the company received $6,000 in advance from customers for services
On March 1, the Unearned Revenue account had a credit balance of $4,000. During March, the company received $6,000 in advance from customers for services to be provided in the future and by the end of March $4,000 of the unearned revenues have been earned. What is the balance in Unearned Revenue at the end of March?
Select one:
a. $2,000
b. $4,000
c. $6,000
d. $1,500
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
4th Canadian Edition
0470155353, 978-0470155356
