What amount for the liability unearned service revenue, Accounting Basics

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What amount for the liability unearned service revenue

The TJ Company collects all service revenue in advance. The company showed a $12,500 liability on its Dec 31, 2011, balance sheet for unearned service revenue. During 2012, customers paid $50,000 for future services, and the income statement for the year ended Dec 31, 2012, reported service revenue of $52,700. What amount for the liability unearned service revenue will appear on the balance at Dec 31, 2012?

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Accounting Basics: What amount for the liability unearned service revenue

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Accounting Basics: What amount for the liability unearned service revenue

Reference No:- TGS0712157

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount for the liability unearned service revenue

Reference No:- TGS0712157

Recent Questions Asked Accounting Basics

Q : Matrix accounting pays all salaried employee

Q : Consider two independent random variables

Q : How much of jones fee will the taxpayer recover

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Q : How much water is evaporated per ton of sludge sent to drier

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