The Bridge in Bridgehampton, N.Y., charged a whopping $750,000 to join, according to a 2007 Wall Street Journal article. Another Hamptons club, Sebonack Golf Club, billed new members for $650,000 when it opened in 2006, Bloomberg reported.
Hence, the revenue cycle actually consists of two major subsystems (assuming sales on credit basis): 1  the sales order processing system and. 2  the account receivable system.
Making the world better, one answer at a time. unearned service revenue is on the balance sheet not the income statement so the answer is nowhere.service revenue is on the income statement under revenues.hen you record unearned fees or revenue it only hits the balance sheet. Ex: Debit-Cash or AR (Asset Account) Credit-Unearned Revenue (Liability) It is a li â¦ ability until the revenue is earned in which case you then Debit: Unearned Revenue Credit: Revenue/Sales Account (finally and income statement account!).