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:

Hunger

The physical sensation or condition of needing food due to a lack of food intake for some time.

Pancreas

A glandular organ in the digestive and endocrine system of vertebrates. It produces enzymes that help in digestion and hormones such as insulin, which regulates blood sugar levels.

Glucose Utilization

The process by which cells absorb and convert glucose into energy for cellular functions.

Obesity

A medical condition characterized by excess body fat that poses a risk to health.