Here are some financial records for Accounting Plus Magazine which started operations in October 2018.Sales for its first month were as follows:

What would be the deferred revenue at Oct 31,2018? (Round to the nearest dollar).
A)$107,667
B)$341,667
C)$774,333
D)$882,000

Question

Here are some financial records for Accounting Plus Magazine which started operations in October 2018.Sales for its first month were as follows:

What would be the deferred revenue at Oct 31,2018? (Round to the nearest dollar).
A)$107,667 
B)$341,667 
C)$774,333 
D)$882,000

Quizplus · Accepted Answer

C)(16,400 ∗ 25 ∗ 5/6)+ (11,800 ∗ 40 ∗ 11/12)= 774,333

Here Are Some Financial Records for Accounting Plus Magazine Which