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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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