Business, 09.02.2021 05:20 cheesecake1919
Metro Event Planning Services collects fees from its customers in advance. On January 1, 2019, the balance of its Unearned Revenue account was $ 6,000 (CR). During January and February, the company collected $ 2,000 and $600 as advance fees. During the twominusmonth period, it performed services of $ 5,500 related to the deferred revenue. What is the balance in Unearned Revenue at the end of February?
a. debit balance of $3000
b. debit balance of $200
c. credit balance of $200
d. credit balance of $3000
Answers: 1
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Metro Event Planning Services collects fees from its customers in advance. On January 1, 2019, the b...
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