1-) On December 31, 2018 the balance in Energy Exploration Company's Unearned Revenue account was a credit of $10,000. In January, 2019, the company received an advance payment of $11,000 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.

$11,000 debit

B.

$6,000 credit

C.

$10,000 credit

D.

$15,000 credit

2 )-

Which of the following statements is true of a trial balance?

A.

A trial balance is prepared after the balance sheet.

B.

A trial balance shows the total amounts of assets and liabilities, but not equity.

C.

A trial balance has the same format as a balance sheet.

D.

A trial balance presents data in debit and credit format.

3-)

On June 1, Edison, Inc. borrowed $21,000 on a

oneminusyear

Note Payable with an interest rate of 10% per year. It will repay the principal and interest at the end of the

oneminusyear

period. The company makes accrual adjustments at the end of each month. The company should record interest expense of $2,100 on June 30.