Unearned Revenue was $2,400 at the end of May and $3,000 at the end of June.Service Revenue was $10,600 for the month of June.How much cash was received for services provided during June?

Question

Quizplus · Accepted Answer

The increase in unearned revenue from May to June is $600 ($3,000 - $2,400), indicating that this amount was received in cash but not yet earned. Therefore, the cash received for services provided during June is the service revenue plus the increase in unearned revenue: $10,600 + $600 = $11,200.

Unearned Revenue Was $2,400 at the End of May and $3,000