Below are selected account balances from the ACME Machinery Company adjusted trial balance for the...
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Accounting
Below are selected account balances from the ACME Machinery Company adjusted trial balance for the current month: 900 Supplies Prepaid Insurance 14,000 Unearned Revenue 20,000 Insurance Expense 6,000 Supplies Expense 1,500 Revenue 120,000 Revenue during the month included cash sales of $108,000. There were no credit sales. What was the balance in the Unearned Revenue account at the beginning of the current month? $12,000 $88,000 $32,000 $8,000
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