On June 1, one company collected total subscriptions of $22,800 in which they promise to deliver of their products to his customers. They would earn the sales revenue equally for each month. As of December 31, what would be the balance of Unearned Revenue for one company?

On June 1, one company collected total subscriptions of $22,800 in which they promise to deliver of their products to his customers. They would earn the sales revenue equally for each month. As of December 31, what would be the balance of Unearned Revenue for one company?

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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Question

On June 1, one company collected total subscriptions of $22,800 in which they promise to deliver of their products to his customers. They would earn the sales revenue equally for each month.

As of December 31, what would be the balance of Unearned Revenue for one company?

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