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Northern Hockey Team uses accrual accounting. On October 1, 2020, the team collects $5,000 cash in advance ticket sales to scheduled hockey games. If $1,000

Northern Hockey Team uses accrual accounting. On October 1, 2020, the team collects $5,000 cash in advance ticket sales to scheduled hockey games. If $1,000 of hockey games are played during October 2020, what is the adjusted balance of the Unearned Revenue account at October 31, 2020?

$4,000

$1,000

$0

$6,000

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