How do unearned revenues arise

Reference no: EM131819668

Question: 1. How do unearned revenues arise?

2.What do short-term notes payable represent?

3. Coltrane Company has a $5,000 note payable that is paid in $1,000 installments over five years. How would the portion that must be paid within the next year be reported on the balance sheet?

Reference no: EM131819668

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