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On December​ 31, 2018 the balance in Energy Exploration​ Company's Unearned Revenue account was a credit...

On December​ 31, 2018 the balance in Energy Exploration​ Company's Unearned Revenue account was a credit of

$7,000. In​ January, 2019, the company received an advance payment of $13,000 from a new customer for services to be performed. By January​ 31, adjustments were made to recognize $6,000 of the revenue that had been earned during January. What was the balance in Unearned Revenue on January​ 31, 2019?

A.$14,000credit

B.$6,000credit

C.$13,000 debit

D.$7,000 credit

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ekkarill92 answered 1 year ago
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