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What must have been the amount of cash received

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Reference no: EM132663063

Question - Chinchillas R Chill magazine company's Unearned Revenue account had a balance of $25,400 on January 1, 2016. On December 31, 2016, as part of the adjusting entry, they recognized Subscription revenue of $29,600. The December 31, 2016 balance of the Unearned Revenue account was $24,600.

What must have been the amount of cash received by the Chinchillas R Chill magazine company from customers during the year 2016?

A) $28,800

B) $30,400

C) $20,400

D) $29,600

Reference no: EM132663063

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