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Construct a t account and show the movements

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Reference no: EM132976905

The unearned revenue account had an opening balance of $15,000 and a closing balance of $27,300. During the year the company recorded revenue of $20,500.

Problem 1: How much cash did the company receive from clients this year?

Problem 2: Construct a T account and show the movements in the relevant account

Reference no: EM132976905

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