Question

The Sanjeev family paid Johnson’s $4,320 on November 1 to store its sailboat for the winter until May 1 of the next fiscal year. Johnson’s credited the full amount to Unearned Storage Revenue on November 1.

Answer 1

The subject of the question is Business, and it involves a financial transaction between the Sanjeev family and Johnson's storage facility.

Step-by-step explanation:

The subject of the question is Business. The question is asking about a financial transaction involving the Sanjeev family and Johnson's, a storage facility. The Sanjeev family paid Johnson's $4,320 to store their sailboat from November 1 to May 1 of the next fiscal year. Johnson's credited the full amount to Unearned Storage Revenue on November 1.