Below are selected account balances from the ACME Machinery Company adjusted trial balance for the...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Below are selected account balances from the ACME Machinery Company adjusted trial balance for the current month: 900 Supplies Prepaid Insurance 14,000 Unearned Revenue 20,000 Insurance Expense 6,000 Supplies Expense 1,500 Revenue 120,000 Revenue during the month included cash sales of $108,000. There were no credit sales. What was the balance in the Unearned Revenue account at the beginning of the current month? $12,000 $88,000 $32,000 $8,000
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.