Market Club Center sells season memberships for $200 each.During January of 2014,60 season memberships were sold.As of March 31,2014,only $3,000 of season membership fees had been collected from customers.The season runs for 4 months starting May 15,2014.Which one of the following is an amount reported on the financial statements for the period ending March 31,2014?
A) Unearned membership revenue of $3,000
B) Unearned membership revenue of $9,000
C) Accounts receivable of $3,000
D) Membership revenue of $9,000
Correct Answer:
Verified
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