Jerry s Jellies sells one and two year mail order subscriptions for its
Jerry’s Jellies sells one- and two-year mail-order subscriptions for its jelly-of-the-month business. Subscriptions are collected in advance and credited to sales. An analysis of the recorded sales activity revealed the following:


Required:
What amount of unearned subscription revenue should Jerry’s Jellies report on its December 31, 2014, balancesheet?
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