Brief Exercise $5-39($Algorithmic$)$

Service Revenue

$H$&$R$ Wholesalers is a retailer providing low cost, bulk items to small companies. Companies must pay an annual membership fee of $$100$ to access H&R$\text{'}$s warehouses.

$H$&$R$ received yearly membership fees from $444$ companies on August $1,2019.$

Required:

At December $31,2019,$ calculate the remaining amount of Unearned Revenue and the account balance of the Revenue account.

Unearned revenue $

Revenue

$$

$$