Service revenue softball magazine company received advance, Financial Accounting

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Service revenue softball magazine company received advance

Service Revenue Softball Magazine Company received advance payments of $75,000 from customers during 2013. At December 31, 2013, $20,000 of the advance payments still had not been earned. Required: After the adjustments are recorded and posted at December 31, 2013, calculate what the balances will be in the Unearned Magazine Revenue and Magazine Revenue accounts. Unearned Magazine Revenue $ Magazine Revenue $

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Financial Accounting: Service revenue softball magazine company received advance

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Financial Accounting: Service revenue softball magazine company received advance

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