The Accounting Records of Patricia Event Planning Service Include the Following

Multiple Choice

The accounting records of Patricia Event Planning Service include the following select unadjusted balances on 31 December 2016: Salaries expense,$6,000;Service revenue: $20,000;Unearned revenue,$400;Supplies expense,$600;Rent expense,$300;Depreciation expense-equipment,$200. Later in December,she worked with a new client and provided event planning services for an upcoming event.When the event is complete in January 2017,she will collect the full amount of $2400 from her client.As of the end of December 2017,she rendered one-third of the services covered by the contract.She made the accrual adjustments.The final adjusted balance of Service revenue,as shown on the adjusted trial balance,should be a:

A) credit balance of $20,000
B) debit balance of $22,400
C) credit balance of $20,800
D) debit balance of $2400