Problem: Sunbrella Insurance Company collected premiums throughout the year from its customers totaling $18,000. The adjusted balance in its Unearned Premiums account increased from $6,000 to $8,000 during the year. What was Sunbrella's revenues from insurance premiums for the current year? a) $10,000 b) $16,000 c) $18,000 d) $20,000

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Problem Details

Sunbrella Insurance Company collected premiums throughout the year from its customers totaling $18,000. The adjusted balance in its Unearned Premiums account increased from $6,000 to $8,000 during the year. What was Sunbrella's revenues from insurance premiums for the current year?

a) $10,000
b) $16,000
c) $18,000
d) $20,000

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