00 from The Rodrigo Company received a cash payment of $60 one of its clients on October 31, 20XX. This payment is for services that The Rodrigo Company will provide to the client evenly over the 12 month period beginning November 1, 20XX. As of December 31, 20XX, the balance in Rodrigo's deferred revenue account related to this payment should be:

00 from The Rodrigo Company received a cash payment of $60 one of its clients on October 31, 20XX. This payment is for services that The Rodrigo Company will provide to the client evenly over the 12 month period beginning November 1, 20XX. As of December 31, 20XX, the balance in Rodrigo's deferred revenue account related to this payment should be:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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