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On December 31, 2016, the balance in Pinnacle Exploration Company's Unearned Revenue account was a credit of $8000. In January, 2017, the company received an
On December 31, 2016, the balance in Pinnacle Exploration Company's Unearned Revenue account was a credit of $8000. In January, 2017, the company received an advance payment of $ 10000 from a new customer for services to be performed. By January 31, adjustments were made to recognize $ 6000 of the revenue that had been earned during January. What was the balance in Unearned Revenue on January 31, 2017?
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