Able Co. received $20,000 from a customer on April 1 for services to be provided partially in April and the rest in May. At the end of April, 11% of the services were complete. What is the amount that should be reported as UNEARNED REVENUE on the BALANCE SHEET at the end of April related to this customer's work?

Answer rating: 100% (QA)

Able Co received 20000 from the customer 11 of the ... View the full answer