Homework Answers
| a. | |||||
| Cash | 193500 | ||||
| Service revenue | 95000 | ||||
| Unearned revenue | 98500 | ||||
| Cash | Earned | Unerned | |||
| 500@120 | 60000 | 60000 | |||
| 250@120*95% | 28500 | 28500 | |||
| 350 @ 300 | 105000 | 35000 | 70000 | ||
| total | 193500 | 95000 | 98500 | ||
| b. | |||||
| current | 28500+35000 | (2nd year + 2nd year of 3 year contract) | |||
| non current | 35000 | (3rd year of 3 year contract) | |||
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