Unearned Revenue was $1,200 at the end of May and $1,500 at the end of June.Service Revenue was $8,550 for the month of June.How much cash was received for services provided during June?
A)$8,250
B)$5,850
C)$8,850
D)$11,250

Question

Quizplus · Accepted Answer

Unearned Revenue increased by $300 ($1,500 - $1,200), indicating cash received for services not yet provided. Adding this to the Service Revenue of $8,550 gives total cash received for services in June as $8,850 ($8,550 + $300).

Unearned Revenue Was $1,200 at the End of May and $1,500