Able Co. received $20,000 from a customer on April 1 for services to be provided partially in
Fantastic news! We've Found the answer you've been seeking!
Question:
Able Co. received $20,000 from a customer on April 1 for services to be provided partially in April and the rest in May. At the end of April, 11% of the services were complete. What is the amount that should be reported as UNEARNED REVENUE on the BALANCE SHEET at the end of April related to this customer's work?
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Posted Date: