Can you help with D, E, and F Ongoing Service ContractService Provider Company (SPC) and Customer A (CA) have recentlybegan doing business together on a 48 month contract. The contract canbe ended if either party is unsatisfied, as long as the parties are equal interms of cash payments and services provided.Both companies follow GAAP and have a Dec 31 year end. Review thefollowing activity in 2021 and 2022.Show your work on the PDF Upload. T accounts would be appropriate. A) How much revenue should SPC record from CA for the2021? $B) How much would SPC show as unearned revenue as of Dec31, 2021. If none, write 0. $C) How much would SPC show as accounts receivable as ofDec 31, 2021. If none, write 0. $2022:* The agreement and services continue in 2022. A second cashpayment is made by CA to SPC on June 1, 2022 for $12,000.D) How much revenue should SPC record from CA for the year2022? $E) How much would SPC show as unearned revenue as of_Dec,31 2022? If none write 0. $F) How much would SPC show as accounts receivable as ofDec, 31 2022? If none write 0. $I| Proctorio is sharing your screen.Stop sharingHidestvMacBook Prone URL

The revenue and expenses are recognized in the period they are incurred irrespective of cash…

Answered: D) How much revenue should SPC record…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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D) How much revenue should SPC record from CA for the year 2022? $ E) How much would SPC show as unearned revenue as of_Dec, 31 2022? If none write 0. $ F) How much would SPC show as accounts receivable as of