The Accounting Records of Patricia Event Planning Services Include the Following

Multiple Choice

The accounting records of Patricia Event Planning Services include the following select unadjusted balances on December 31,2014: Salaries Expense,$6,000; Service Revenue: $20,000; Unearned Revenue,$400; Supplies Expense,$600; Rent Expense,$300; Depreciation Expense-Equipment,$200. Later in December,the company worked with a new client and provided event planning services for an upcoming event.It will receive the full amount of $1,200 when the event is completed in January,2015.As of the end of December,2014,it rendered one-third of the services covered by the contract.The company made the accrual adjustments.The final adjusted balance of Service Revenue,as shown on the adjusted trial balance,should be a ________.

A) debit balance of 21,200
B) credit balance of $20,000
C) debit balance of $1,200
D) credit balance of $20,400