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4 9 of 20 Test Score: 95%, 19 of 20 pts Score: 1 of 1 pt *3.5-13 Paramount Event Planning Services collects fees from its

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4 9 of 20 Test Score: 95%, 19 of 20 pts Score: 1 of 1 pt *3.5-13 Paramount Event Planning Services collects fees from its customers in advance. On January 1, 2017, the balance of its Unearned Revenue account was $6,000 (CR). During January and February, the company collected $3,000 and $800 as advance fees. During the two-month period, it performed services of $7,500 related to the deferred revenue. What is the balance in Unearned Revenue at the end of February? A credit balance of $2,300 OB. credit balance of $6,000 OC. debit balance of $2,300 OD. debit balance of $6,000 Paramount Event Planning Services collects fees from its customers in advance. On January 1, 2017, the balance of its Unearned Revenue account was $6,000 (CR). During January and February, the company collected $3,000 and $800 as advance fees. During the two-month period, it performed services of $7,500 related to the deferred revenue. What is the balance in Unearned Revenue at the end of February? A. credit balance of $2,300 OB. credit balance of $6,000 OC. debit balance of $2,300 OD. debit balance of $6,000

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