Pemco Enterprises Sells Annual Membership Shooting Lodge Memberships Cost 240 January 1 P Q17778100

Pemco Enterprises sells annual membership to its shooting lodge. The memberships cost $240 each. On January 1, Pemco sold 2,000 memberships and received cash. Refer to Pemco Enterprises. How much revenue should Pemco recognize on January 1? A. $40,000 B. $240,000 C. $480,000 D. $0Show transcribed image text Pemco Enterprises sells annual membership to its shooting lodge. The memberships cost $240 each. On January 1, Pemco sold 2,000 memberships and received cash. Refer to Pemco Enterprises. How much revenue should Pemco recognize on January 1? A. $40,000 B. $240,000 C. $480,000 D. $0
 
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