Question
The Unearned Revenue account of Teacher Incorporated began 2021 with a normal balance of $3,000 and ended 2021 with a normal balance of $19,000. During
The Unearned Revenue account of Teacher Incorporated began 2021 with a normal balance of $3,000 and ended 2021 with a normal balance of $19,000. During 2021, the Unearned Revenue account was credited for $21,000 that Teacher will earn later. Based on these facts, how much revenue did Teacher earn in 2021?
A.
$21,000
B.
$37,000
C.
$5,000
D.
$0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Advanced Digital Auditing Theory And Practice Of Auditing Complex Information Systems And Technologies
Authors: Egon Berghout, Rob Fijneman, Lennard Hendriks, Mona De Boer, Bert-Jan Butijn
1st Edition
3031110889, 978-3031110887
