Question
The records for Kiley Company showed the following for 2017: Jan. 1 Dec. 31 Unearned revenue $1,270 $2,060 Accrued revenue 1,310 820 Cash collected during
The records for Kiley Company showed the following for 2017:
| Jan. 1 | Dec. 31 | ||||
| Unearned revenue | $1,270 | $2,060 | |||
| Accrued revenue | 1,310 | 820 |
Cash collected during the year from customers, $65,150 Calculate the amount of revenue that should be reported on the income statement.
| Amount of revenue |
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Efficient Auditing Of Private Companies A Guide To Audit Planning Implementation And Control
Authors: The Institute Of Chartered Accountants
1st Edition
1841400432, 978-1841400433
