On December 31,2018 the Balance in Energy Exploration Company's Unearned

question 18

Multiple Choice

On December 31,2018 the balance in Energy Exploration Company's Unearned Revenue account was a credit of $6,000.In January,2019,the company received an advance payment of $12,000 from a new customer for services to be performed.By January 31,adjustments were made to recognize $4,000 of the revenue that had been earned during January.What was the balance in Unearned Revenue on January 31,2019?

• A) $4,000 credit
• B) $12,000 debit
• C) $6,000 credit
• D) $14,000 credit

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Definitions:

Higher-order Conditioning

A form of learning in which a stimulus is paired with a previously conditioned stimulus, resulting in the new stimulus eliciting the conditioned response.

Classical Conditioning

A learning process that involves creating associations between a naturally occurring stimulus and a previously neutral stimulus.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, until it is paired with a unconditioned stimulus to elicit a conditioned response.

Extinction

The gradual weakening and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.