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On December 31, 2025 the balance in Energy Exploration Company's Unearned Revenue account was a credit of $10,000. In January, 2026, the company received an

On December 31, 2025 the balance in Energy Exploration Company's Unearned Revenue account was a credit of $10,000. In January, 2026, the company received an advance payment of $12,000 from a new customer for services to be performed. By January 31, adjustments were made to recognize $7,000 of the revenue that had been eamed during January. What was the balance in Unearned Revenue on January 31, 2026? A. $12,000 debit B. $15,000 credit C. $7,000 credit D. $10,000 credit

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