During 2006 sky entertainment sold twenty 12-month

Reference no: EM13484048

During 2006, Sky Entertainment sold twenty 12-month subscriptions for its newly developed internet service. 60% of these subscriptions began on August 1, 2006 and 40% of the subscriptions began on November 1, 2006. Customers are required to pay their bill on the day the subscription starts. Each 12-month subscription costs $300. Calculate the amount of unearned revenue reported by Sky Entertainment in its December 31, 2006 balance sheet. Do not use decimals in your answer.

Reference no: EM13484048

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