Unformatted text preview: Delivers Cash
Received Accounts receivable (+A) xxx Revenue (+R) xxx
Cash will be collected. 3-10 Revenue Principle Assets reflecting revenues earned but
not yet received in cash include . . .
CASH TO BE
customers) and already
e arned as REVENUE
goods or services
provided) Interest receivable Interest revenue Rent receivable Rent revenue Royalties receivable Royalty revenue 3-11 Revenue Principle
If cash is received before the company delivers goods or services, the liability account UNEARNED REVENUE is recorded.
Cash received before revenue is earned
Cash (+A) xxx Unearned revenue (+L) xxx 3-12...
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