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Some of the customers of Casey Corporation pay in advance for services, and others pay after the services have been performed. At January 1, 2018,
Some of the customers of Casey Corporation pay in advance for services, and others pay after the services have been performed. At January 1, 2018, the firm's accounts receivable were $860,800, and the balance in Unearned Revenue was $640,000. At December 31, 2018, the adjusted balance in accounts receivable was $892,800. For the year ended December 31, 2018, accrual-basis revenues were $1,122,400, and the total amount of cash collected from customers was $1,275,200. What was the ending balance in Unearned Revenue? a. $760,800 b. $792,800 c. $824,800 d. $856,800 e. $879,800
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