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Unearned Revenue On August 1, Walpole Co. paid Abbot Co. $9,000 to perform computer installation services. On August 31, Abbot Co. had performed $5,000 of
Unearned Revenue On August 1, Walpole Co. paid Abbot Co. $9,000 to perform computer installation services. On August 31, Abbot Co. had performed $5,000 of these services. The Financial Statements of Abbot Co. will show which of the following for these transactions on August 317 $9,000 increase in Current Assets, no change in Current Liabilities, 5$9,000 thcrease in Net Income $9,000 increase in Current Assets, $9,000 increase in Current Liabilities, no change in Net Income $9,000 increase in Current Assets, $5,000 increase in Current Liabilities, $4,000 increase in Net Income $9,000 increase in Current Assets, $4,000 increase in Current Liabilities, $5,000 increase in Net Income. 26 1 * 14 80 888 F3 $ 4 54 #3 2 @D tv % 95 6 9& 00 &7 A " 8 Di 88 DO = 6 70 116 10 0 + 11 BE
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