On $1/09/2017$ "ABC" Company received $$30,000$ from customer $"x"$ for services to be performed evenly over a $12$ months period starting $1/12/2017.$ In addition, on $1/10/2017"$ ABC $"$ received $$11,880$ from customer $"Y"$ for services to be performed evenly over an $18$ months starting $\frac{1}{11}\frac{?}{2017}$

Based on the above given information, answer the following questions:

What is the amount revenue that must be presented on the income statement for the $2017?$

The Answer is:

What is the amount of TOTAL unearned revenue that must be presented on the statement of financial position as on $31/12/2017?$

The Answer is:

What is the amount revenue that must be presented on the income statement for the $2018?$

The Answer is:

What is the amount of TOTAL unearned revenue that must be presented on the statement of financial position as on $31/12/2018?$

The Answer is: