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    sallysem's Avatar
    sallysem Posts: 2, Reputation: 1
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    #1

    Jul 23, 2010, 03:24 PM
    e3-15 in chapter 3 accounting
    December 31 2008 2007
    Fees receivable from members 14 000 9000
    Unearned fees revenue 17 000 25000
    Fees are billed to members based upon their use of club facilities .unearned revenue arise from a sale of gift certificate which member can apply to their future use of club facilities
    The 2008 income statement for the club showed that fees revenue of 153000 was earned during the year
    Determine the amount of cash received by the club with respect to fees during 2008
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #2

    Jul 24, 2010, 01:16 AM
    Quote Originally Posted by sallysem View Post
    december 31 2008 2007
    fees receivable from members 14 000 9000
    unearned fees revenue 17 000 25000
    fees are billed to members based upon their use of club facilities .unearned revenue arise from a sale of gift certificate which member can apply to their future use of club facilities
    the 2008 income statement for the club showed that fees revenue of 153000 was earned during the year
    determine the amount of cash received by the club with respect to fees during 2008
    Hi, sallysem!

    Are you looking for direct answers to the problem, or for someone to come along and teach you how to come up with the correct answers yourself, please?

    If the former is true, please click on the following link to read the announcement there.

    https://www.askmehelpdesk.com/financ...-b-u-font.html

    Thanks!
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