A. ) The accounting records for Patricia Event Planning Services include the following select unadjusted balances on December 31, 2016: Salaries Expense, $6,000; Service Revenue: $19,000; Unearned Revenue, $400; Supplies Expense, $600; Rent Expense, $300; Depreciation ExpenseEquipment, $200.

During December, the company worked with a new client and provided event planning services for an upcoming event. It will receive the full amount of $2,100 when the event is completed in January 2017. As of the end of December 2016, it performed one-third of the services covered by the contract. The company made the accrual adjustments. The balance of Service Revenue, as shown on the adjusted trial balance, should be a ________.

A.debit balance of $21,100

B.credit balance of $19,700

C.debit balance of $2,100

D.credit balance of $19,000

B.) For an accounting equation to balance, a transaction must affect both sides of the equation.

True

False