Question

The Unearned Revenue account of Berry Incorporated began 2018 with a normal balance of $ 6 comma 000 and ended 2018 with a normal balance of $ 15 comma 000. During 2018​, the Unearned Revenue account was credited for $ 20 comma 000 that Berry will earn later. Based on these​ facts, how much revenue did Berry earn in 2018​?

Answer 1

$11,000

Step-by-step explanation:

The computation of the revenue earned in 2018 is shown below:

= Beginning balance of unearned revenue account + credit balance - ending balance of unearned revenue account

= $6,000 + $20,000 - $15,000

= $11,000

Simply we added the credit balance and deduct the ending balance to the beginning balance so that the correct amount could come