Question: how pleaseeee Paramount Event Planning Services collects fees from its customers in advance. On January 1, 2017, the balance of its Unearned Revenue account was
how pleaseeee
Paramount Event Planning Services collects fees from its customers in advance. On January 1, 2017, the balance of its Unearned Revenue account was $6,000 (CR). During January and February, the company collected $3,000 and $800 as advance fees. During the two-month period, it performed services of $7,500 related to the deferred revenue. What is the balance in Unearned Revenue at the end of February? A. credit balance of $2,300 OB. credit balance of $6,000 OC. debit balance of $2,300 OD. debit balance of $6,000
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