A partial adjusted trial balance of Piper Company at January 31, 2014, shows the

Question

A partial adjusted trial balance of Piper Company at January 31, 2014, shows the following.

PIPER COMPANY
ADJUSTED TRIAL BALANCE
JANUARY 31, 2014

Debit

Credit

Service Revenue

If $1,730 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2013?

2,130

PIPER COMPANY
ADJUSTED TRIAL BALANCE
JANUARY 31, 2014

Debit

Credit

Supplies $830 Prepaid Insurance 3,180 Salaries and Wages Payable $930 Unearned Service Revenue 880 Supplies Expense 950 Insurance Expense 530 Salaries and Wages Expense 1,930

Service Revenue

If $1,730 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2013?

2,130

Explanation / Answer

Begg Balance + 1730 - 2130 = 880

Beggining Baalnce => 880 + 2130 - 1730

The balance in Unearned Service Revenue at December 31, 2013 => $1280

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