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:

Project Initiation

The phase in which a project is formally started, its scope defined, and stakeholders committed.

Functions Addition

The process of incorporating new capabilities or functionalities into an existing system or software.

Conversion Expense

Costs associated with converting raw materials or inputs into finished products, including labor, machine time, and other processing expenses.

Programmers

are professionals who write, debug, and maintain the source code of computer programs.