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Exam 4: Accrual Accounting and Adjusting Entries

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Exam 1: Financial Accounting94 Questionsadd course
Exam 2: Corporate Financial Statements97 Questionsadd course
Exam 3: Recording Accounting Transactions102 Questionsadd course
Exam 4: Accrual Accounting and Adjusting Entries101 Questionsadd course
Exam 5: Internal Control and Cash108 Questionsadd course
Exam 6: Receivables96 Questionsadd course
Exam 7: Inventory104 Questionsadd course
Exam 8: Fixed Assets and Intangible Assets90 Questionsadd course
Exam 9: Liabilities89 Questionsadd course
Exam 10: Stockholders Equity103 Questionsadd course
Exam 11: Statement of Cash Flows100 Questionsadd course
Exam 12: Financial Statement Analysis82 Questionsadd course
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Andre's Tennis Club sells season memberships for $1,500 each. During January of 2012, 50 season memberships were sold. As of March 31, 2012, only $45,000 of season membership fees had been collected from customers. The tennis season runs for 6 months starting April 01, 2012. Which one of the following is an amount reported on the Balance Sheet dated March 31, 2012?

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