Kaynes Company provides new subscription services to TV shows and movies. In order to subscribe this service, customers need to pay for a year in advance. As of January 1, 2020, the company receives subscription fees of $240,000 for its upcoming year. What is the balance in the company's deferred revenue account at the end of April 2020?

Answer rating: 100% (QA)

To find the balance in the companys deferred revenue account at the end of April 2020 we fir... View the full answer