Service Revenue H&R Wholesalers is a retailer providing low cost, bulk items to small companies. Companies must pay an annual membership fee of $225 to access H&R's warehouses. H&R received yearly...

Service Revenue H&R Wholesalers is a retailer providing low cost, bulk items to small companies. Companies must pay an annual membership fee of $225 to access H&R's warehouses. H&R received yearly membership fees from 480 companies on August 1. Required: At December 31, calculate the remaining amount of Unearned Revenue and the account balance of the Revenue account. Round your answers to the nearest dollar. Unearned revenue 63,072 X Revenue 44,928 X Feedback Check My Work When receiving payment in advance for services yet to be performed, revenue should be recognized as it is earned.