Business, 28.08.2019 03:30 BreBreDoeCCx

Eaton co. sells major household appliance service contracts for cash. the service contracts are for a one-year, two-year, or three-year period. cash receipts from contracts are credited to unearned service revenues. this account had a balance of $1,800,000 at december 31, 2010 before year-end adjustment. service contract costs are charged as incurred to the service contract expense account, which had a balance of $450,000 at december 31, 2010.service contracts still outstanding at december 31, 2010 expire as follows: during 2011 $380,000during 2012 570,000during 2013 350,000what amount should be reported as unearned service revenues in eaton's december 31, 2010 balance sheet? a. $1,350,000.b. $1,300,000.c. $850,000.d. $500,000.

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