Calculate the unearned revenue Pine Valley Golf Club pre-sells lessonpackages. They received $9,600 for 40lessons in March but delivered only 28lessons byby month-end. Calculate theunearned revenue to be recorded.

Explanation of Pre-sells: Pre-selling refers to the practice of selling a product or service before…

Answered: Pine Valley Golf Club pre-sells lesson…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12EB: Drainee purchases direct materials each month. Its payment history shows that 65% is paid in the...

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Drainee purchases direct materials each month. Its payment history shows that 65% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment schedule for January using this data: in December through February, it purchased $22,000, $25,000, and $23,000 respectively.
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Pine Valley Golf Club pre-sells lesson packages. They received $9,600 for 40 lessons in March but delivered only 28 lessons by by month-end. Calculate the unearned revenue to be recorded.