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    punithac's Avatar
    punithac Posts: 1, Reputation: 1
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    #1

    Jun 7, 2016, 05:12 PM
    Prepayment of revenue (unearned revenue)
    Can someone help me with accounting homework. Please


    Prepayment of revenue (unearned revenue)


    YY received window-cleaning fees of $600 on the 14th June 2013. Three window-cleaning jobs at $200 each were to be completed. At the end of the year 30 June 2013, one cleaning job had not yet been completed. Determine the effect of the above transaction on the accounts at 30 June 2013.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 8, 2016, 08:31 PM
    This is not the right thread for homework help.

    If you want to discuss principle here then you need to show us the work you have done.

    What you obviously have here is a situation where there is work in progress and therefore you will have unearned income and an inventory of partially completed work
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