On December 10, 2010 Copeta Inc. received a cheque in the amount of $50,000 from a customer for services that Copeta had yet to perform. By December 31, 2010 it had earned $20,000 of that amount. Assuming the appropriate year end adjustments were made, the 2010 balance in Copeta's unearned revenue account will be?

Answer rating: 100% (QA)

To determine the 2010 balance in Copetas unearned revenue account we need to ... View the full answer