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The records for Blossom Company showed the following for 2020: Unearned revenue Accrued revenue Jan. 1 $1,000 1,100 Dec. 31 $2,100 Amount of revenue
The records for Blossom Company showed the following for 2020: Unearned revenue Accrued revenue Jan. 1 $1,000 1,100 Dec. 31 $2,100 Amount of revenue $ 980 Cash collected during the year for revenue, $68,000 Calculate the amount of revenue that should be reported on the income statement.
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
