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if on jan 31 unearned revenue is 810 service revenue is 1950 how much will be...

if on jan 31 unearned revenue is 810 service revenue is 1950 how much will be the unearned service revenue on Jan 1 if 1450 was received in December for services performed in january.

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Answer #1

Unearned revenue, January 31 = $810

Service revenue earned in January = $1,950

Unearned revenue, January 1 = ?

$1,450 was received in December for services performed in january. Hence, unearned service revenue on December 31 was $1,450

Unearned service revenue on January 1 will be same as unearned service revenue on December 31.

Hence, Unearned service revenue on January 1 = $1,450

Note: As per the information given by you in the question, the answer is as above. If there is a slight change in the question, please let me know, I will provide you the new solution. Thank you

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