(Week 3) A client prepays $12,000 on 1 May for a six‑month service. At 30 June, what revenue is recognised and what is the balance of unearned revenue?

Question

Answer

Revenue $12,000; Unearned $0

Answer

Revenue $6,000; Unearned $6,000

Answer

Revenue $2,000; Unearned $10,000

Answer

Revenue $4,000; Unearned revenue $8,000

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(Week 3) A client prepays $12,000 on 1 May for a six‑month service. At 30 June, ...

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