Question
The Upton Company reported a beginning balance of $900 and an ending balance of $1,200 in its Unearned Revenue account for Year 2. During the
The Upton Company reported a beginning balance of $900 and an ending balance of $1,200 in its Unearned Revenue account for Year 2. During the year, $6,200 of revenue was recognized. Based on this information, how much cash was received from customers?
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Financial Accounting
Authors: Walter B. Meigs, A. N. Mosich, Robert F. Meigs
2nd Edition
0070412901, 978-0070412903
