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The records for Carla Vista Company showed the following for 2025: Unearned revenue Accrued revenue Jan. 1 $1,200 Amount of revenue 1,200 Cash collected during the year for revenue, $72,000 Dec. 31 $2,100 Calculate the amount of revenue that should be reported on the income statement. $ 810 LA

The records for Carla Vista Company showed the following for 2025: Unearned revenue Accrued revenue Jan. 1 $1,200 Amount of revenue 1,200 Cash collected during the year for revenue, $72,000 Dec. 31 $2,100 Calculate the amount of revenue that should be reported on the income statement. $ 810 LA

FINANCIAL ACCOUNTING
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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The records for Carla Vista Company showed the following for 2025: Unearned revenue Accrued revenue Jan. 1 $1,200 Amount of revenue 1,200 Dec. 31 $ $2,100 Cash collected during the year for revenue, $72,000 Calculate the amount of revenue that should be reported on the income statement. 810
Transcribed Image Text:The records for Carla Vista Company showed the following for 2025: Unearned revenue Accrued revenue Jan. 1 $1,200 Amount of revenue 1,200 Dec. 31 $ $2,100 Cash collected during the year for revenue, $72,000 Calculate the amount of revenue that should be reported on the income statement. 810
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