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:

Yeast

Single-celled fungus.

Inclusive Fitness

Genetic contribution an individual makes by reproducing, plus a fraction of the contribution it makes by facilitating reproduction of relatives.

Altruistic Behavior

Actions by an individual that benefit others at a cost to oneself, observed in social species, which may promote cooperation and social cohesion.

Kin Selection

Type of natural selection in which individuals with the highest inclusive fitness are favored.