Pattie's Event Planning Service collects the fees from its customers in advance. At January 1, 2019, the balance of the unearned revenue account was a credit of $4,000. During January and February, the company collected $2,000 and $1,000 respectively. During the two-month period, the company rendered services of $5,500. At the end of February, the unadjusted trial balance will show what balance in unearned revenues.

a.

credit balance of $7,000.

b.

credit balance of $1,500.

c.

debit balance of $1,500.

d.

debit balance of $7,000