Homework Answers
Ans :
Total revenue for 4 months = $ 3,000
Revenue per month = $ 3,000 / 4 = $ 750.
Entry to record at February 28,
Unearned service revenue $ 750 (debit)
Service revenue $ 750. (credit)
Balance in unearned service revenue in February 28 = $ 3,000 (credit) - $ 750 (debit)
= $ 2,250.(credit balance)
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