Based on the amount the client paid on October 1, the unearned revenue as at December 31 is $9,000.
How can the unearned revenue be found?
First, find the monthly revenue:
= 12,000 / 12
=$1,000
From October 1 to December 31 is 3 months so 3 months of revenue has been recognized.
Unearned revenue is:
= 12,000 - (3 x 1,000)
= $9,000
Find out more on unearned revenue at https://brainly.com/question/5010039
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