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Saved Required information Exercise 3-14A Recording and reporting revenues received in advance LO P6 [The following information applies to the questions displayed below.] Costanza Company

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Saved Required information Exercise 3-14A Recording and reporting revenues received in advance LO P6 [The following information applies to the questions displayed below.] Costanza Company experienced the following events and transactions during July. July 1 Received $4,100 cash in advance of performing work for Vivian Solana. 6 Received $8,000 cash in advance of performing work for Iris Haru. 12 Completed the job for Solana. 18 Received $8,900 cash in advance of performing work for Amina Jordan. 27 Completed the job for Haru. 31 None of the work for Jordan has been performed. Exercise 3-14A Part c c. Under each method, determine the amount of earned fees reported on the income statement for July and the amount of unearned fees reported on the balance sheet as of July 31. Initially recorded as Unearned Fees Initially recorded as Fees Earned Unearned fees Fees eamed

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