Question Financial Accounting East Coast Trading received annual subscription fees of $72,000 on October 1, 2013, for the next 12 months. Calculate the earned revenue as of December 31, 2013.
Question Financial Accounting East Coast Trading received annual subscription fees of $72,000 on October 1, 2013, for the next 12 months. Calculate the earned revenue as of December 31, 2013.
Chapter18: The Management Of Accounts Receivable And Inventories
Section: Chapter Questions
Problem 9P
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East Coast Trading
Transcribed Image Text:Question Financial Accounting
East Coast Trading received annual subscription
fees of $72,000 on October 1, 2013, for the next
12 months. Calculate the earned revenue as of
December 31, 2013.
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