Question: The TJ Company collects all service revenue in advance The

The TJ Company collects all service revenue in advance. The company showed a $12,500 liability on its December 31, 2011, balance sheet for unearned service revenue. During 2012, customers paid $50,000 for future services, and the income statement for the year ended December 31, 2012, reported service revenue of $52,700. What amount for the liability unearned service revenue will appear on the balance sheet at December 31, 2012?


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  • CreatedSeptember 01, 2014
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