Pattie's Event Planning Service Collects the Fees from Their Customers

question 91

Multiple Choice

Pattie's Event Planning Service collects the fees from their customers in advance.At January 1,2012,the balance of her Unearned revenue account was a credit of $4,000.During January and February,she collected $2,000 and $1,000 respectively.During the two-month period,she rendered services of $5,500.At the end of February,her adjusted trial balance will show what balance in Unearned revenues?

• A) Debit balance of $3,000
• B) Credit balance of $3,000
• C) Debit balance of $2,300
• D) Credit balance of $1,500

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Definitions:

Production and Distribution

The processes involved in creating products or services and making them available to consumers, encompassing manufacturing, logistics, and sales channels.

RFID (Radio-Frequency Identification)

A technology that uses radio waves to identify and track objects, animals, or people automatically.

NFC (Near Field Communication)

A set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within close proximity.

VR (Virtual Reality)

A simulated experience that can be similar to or completely different from the real world, often using specialized equipment like headsets for immersive interaction.