Stockton Co $\begin{array}{llcc} \text { Unearned Book Revenue } & \text {Book Revenue } \\\end{array}$

question 155

Short Answer

Stockton Co.received advance payments from customers during 2017 of $6,000.At December 31,2016,$1,300 of the advance payments still had not been earned.After the adjustments are recorded and posted at December 31,2016,what will the balances be in the Unearned Book Revenue and Book Revenue accounts? $\begin{array}{llcc} \text { Unearned Book Revenue } & \text {Book Revenue } \\\end{array}$

a.
$\begin{array}{cc}&&&\$1,300&&&&&&&&\$6,000\end{array}$

b.
$\begin{array}{cc}&&&\$1,300&&&&&&&&\$4,700\end{array}$

c.
$\begin{array}{cc}&&&\$6,000&&&&&&&&\$1,300\end{array}$

d.
None of these choices

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