Accounting E3-7

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Miscellaneous

 

Written by:

John C

 

Date added:

February 16, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 565

 

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1796 times

 

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31, 2006 was $5,100. D) Unearned Revenue Dec. 31, 2006 = X; Unearned Revenue Jan. 31, 2007 = $750; Service Revenue Jan. 31, 2007 = $2,000; Amount received for services in Jan = $1,600 Equation: X - $1,600 - $2,000 = $750 X - $3,600 = $750 X = $4,350 The balance in Unearned Revenue at December 31, 2006 was $4,350...
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31, 2006 was $5,100. D) Unearned Revenue Dec. 31, 2006 = X; Unearned Revenue Jan. 31, 2007 = $750; Service Revenue Jan. 31, 2007 = $2,000; Amount received for services in Jan = $1,600 Equation: X - $1,600 - $2,000 = $750 X - $3,600 = $750 X = $4,350 The balance in Unearned Revenue at December 31, 2006 was $4,350...
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