The Sociologist is an academic publication available only by annual subscription. At December 31, 2025, the Unearned Revenue account had a balance of $22,000. During 2026, 1,000 annual subscriptions were sold at $224 each. Revenue earned during 2026 was $200,000. How much unearned revenue will be reported as of December 31? O $24,000 $25,000 $0 $46,000

The Sociologist is an academic publication available only by annual subscription. At December 31, 2025, the Unearned Revenue account had a balance of $22,000. During 2026, 1,000 annual subscriptions were sold at $224 each. Revenue earned during 2026 was $200,000. How much unearned revenue will be reported as of December 31? O $24,000 $25,000 $0 $46,000

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 4CE

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