Pattie's Event Planning Service Collects the Fees from Their Customers

Multiple Choice

Pattie's Event Planning Service collects the fees from their customers in advance. At 1 January 2014, 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) Credit balance of $3 000
B) Debit balance of $2 300
C) Debit balance of $3 000
D) Credit balance of $1 500