Question: Current Attempt in Progress On February 1 , the Andrew Tax Service received a $ 3 , 8 1 6 cash retainer for tax preparation
Current Attempt in Progress
On February the Andrew Tax Service received a $ cash retainer for tax preparation services to be provided evenly over the next months. The full amount was credited to the liability account Unearned Service Revenue. Assuming that the revenue is recognized evenly over the month period, what balance would be reported on the February balance sheet for Unearned Service Revenue?
February balance in Unearned Service Revenue $
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