Revenue/Unearned, accounting homework help
In August of 2009, Ruby's Corporation, a newly developed internet game company, received $1,320,000 for 2,000 three-year subscriptions to a new online game priced at $220per year. Thesubscriptions do not start until October of 2009. Fill in the followingchart for each of the given years to show the amount of revenue to berecognized on the income statement and the related liability reported on the year-end balance sheet. Ruby's Corp fiscal year end is December 31. (Round your answers to the nearest whole dollar. Complete allanswer boxes.) Revenue recognized duringUnearned revenue at December 312009????2010????2011????2012????
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