Question: On October 1st, Safe Touch Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12,000
On October 1st, Safe Touch Security Systems has a beginning balance of $0.00 in their deferred revenue account before they receive an advance of $12,000 from a client to provide security monitoring services to the client over the next 4 months. What is the new ending balance in Safe Touch Security's deferred revenue account on December 31st after the required adjusting entry is entered to recognize the amount of revenue eamed? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123
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