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Metro Event Planning Services collects fees from its customers in advance. On January 1, 2019, the balance of its Uneared Revenue account was $4.000 (CR).

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Metro Event Planning Services collects fees from its customers in advance. On January 1, 2019, the balance of its Uneared Revenue account was $4.000 (CR). During January and February, the company collected $2.000 and 5600 as advance fees During the two-month period, it performed services of $5.500 related to the deferred revenue What is the balance in Unearned Revenue at the end of February

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