On November 15, 2022, Pear Corporation sold a subscription service for on-demand advice about tax...
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Accounting
On November 15, 2022, Pear Corporation sold a subscription service for on-demand advice about tax accounting to a customer. The service costs $3,000 per month and the customer paid for six month's worth of service, with the service period starting in January, 2023. What is the deferred revenue balance associated with this transaction on Pear Corporation's February 2023 balance sheet? $6,000 $18,000 $3,000 $12.000
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