Solution-Income statement and the related liability report

Income statement and the related liability report

Reference no: EM13859161

In March 2009, Sally's corporation, a newly developed Internet game company, received $1,200,000 for 2,000 three-year year subscriptions to a new online game priced at $200 per year. The subscriptions do not start until June 2009. Fill in the following chart for each of the given years to show the amount of revenue to be recognized on the income statement and the related liability report it on the year in balance sheet. Sally's Corp. the school year end is December 31.

Reference no: EM13859161

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Income statement and the related liability report

Reference no: EM13859161

Reference no: EM13859161

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