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A partial adjusted trial balance of Crane Company at January 31, 2021, shows the following. CRANE COMPANY Adjusted Trial Balance January 31, 2021 Debit Credit

A partial adjusted trial balance of Crane Company at January 31, 2021, shows the following.

CRANE COMPANY Adjusted Trial Balance January 31, 2021
Debit Credit
Supplies $2,900
Prepaid Insurance 10,500
Salaries and Wages Payable $3,400
Unearned Revenue 4,200
Supplies Expense 4,300
Insurance Expense 1,750
Salaries and Wages Expense 7,800
Service Revenue 8,600

Answer the following questions, assuming the year begins January 1.

if $6,500 was received in January for services performed in January, what was the balance in Unearned Revenue at December 31, 2020?

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