Patricia Event Planning Service Collects Fees from Their Customers in Advance.On

Multiple Choice

Patricia Event Planning Service collects fees from their customers in advance.On 1 January 2016,the balance of her Unearned revenue account had a balance of $5000 (Cr. ) .During January and February,she collected $3000 and $700 as advance fees.During the two-month period,she rendered services of $7500 .What is the balance in Unearned revenue at the end of February?

A) Debit balance of $1200
B) Credit balance of $1200
C) Debit balance of $5000
D) Credit balance of $5000