The Sociologist is an academic publication available only by annual subscription. At December 31, 2025, the Unearned Revenue account had a balance of $22,000. During 2026, 1,000 annual subscriptions were sold at $224 each. Revenue earned during 2026 was $200,000. How much unearned revenue will be reported as of December 31? O $24,000 $25,000 $0 $46,000
The Sociologist is an academic publication available only by annual subscription. At December 31, 2025, the Unearned Revenue account had a balance of $22,000. During 2026, 1,000 annual subscriptions were sold at $224 each. Revenue earned during 2026 was $200,000. How much unearned revenue will be reported as of December 31? O $24,000 $25,000 $0 $46,000
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 4CE
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![The Sociologist is an academic publication available only by annual subscription. At
December 31, 2025, the Unearned Revenue account had a balance of $22,000. During
2026, 1,000 annual subscriptions were sold at $224 each. Revenue earned during 2026 was
$200,000. How much unearned revenue will be reported as of December 31?
$24,000
$25,000
$0
$46,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6b8647d2-8973-4902-be2b-9213d3635947%2F0bbb48d6-2dc5-44ac-9d01-86fb23d03f5d%2Fbh669ye_processed.png&w=3840&q=75)
Transcribed Image Text:The Sociologist is an academic publication available only by annual subscription. At
December 31, 2025, the Unearned Revenue account had a balance of $22,000. During
2026, 1,000 annual subscriptions were sold at $224 each. Revenue earned during 2026 was
$200,000. How much unearned revenue will be reported as of December 31?
$24,000
$25,000
$0
$46,000
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