Using the accrual method, the unearned revenue as of December 31 is $12,000.
<h3>What is Unearned revenue?</h3>
Unearned revenue can be defined as the amount a company received from their client for the service they are yet too rendered.
Since the company has received full balance for the services not yet provided. The unearned revenue as of December 31 will be $12,000.
Reason been that the amount that the client paid the company is for a year-long contract, hence the $12,000 represent a prepayment amount for the service the company is yet too rendered to their client
Thus, using the accrual method, the unearned revenue as of December 31 is $12,000.
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Answer:
In South Carolina, the CCC created 16 state parks that maintain some of the state's most stunning places. This work provided access to thousands of acres of general land to all South Carolinians. It even gave employment to the unemployed and helped many households endure difficult times.
Glucose, which is a monosaccharide, is a carbohydrate produced through the photosynthesis process in plant leaves that contain the chloroplasts. The glucosethat plants do not use immediately is converted into larger molecules of glucoseand stored as starch for later use as an energy source. This is the main function of glucose in plants .
