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Adjusting Entries: Unearned Revenue
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Problem 6
Adjusting Entries: Unearned Revenue
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3. Accrual Accounting Concepts / Adjusting Entries: Unearned Revenue / Problem 3
Problem 3
A gym receives \$2,400 in advance for annual memberships. After 6 months, what is the balance of unearned revenue?
A
\$2,400
B
\$0
C
\$1,200
D
\$1,800
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