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Which is an amount reported on the balance sheet dated march

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Question 1: Andre's Tennis Club sells season memberships for $1,500 each. During January of 2012, 50 season memberships were sold. As of March 31, 2012, only $45,000 of season membership fees had been collected from customers. The tennis season runs for 6 months starting April 01, 2012. Which is an amount reported on the Balance Sheet dated March 31, 2012?

Reference no: EM132585339

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