Answer:
$1410.47
Explanation:
Unearned revenue is the revenue upon which cash has been received by the entity prior to the entity discharging its responsibility of providing services in respect of the payment,hence it is a liability until it is finally earned and recorded as revenue.
The balance of the unearned revenue is the liability that R&M must report in its balance sheet as of December 31.
Balance of unearned revenue=$3,001-($3,001*53%)
balance of unearned revenue=$3,001-$1590.53 =$1410.47
