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On August 1, 2016, Brian Quinn received $12,000 for legal services to be performed evenly throughout the next twelve months, beginning August 1, 2016....
On August 1, 2016, Brian Quinn received $12,000 for legal services to be performed evenly throughout the next twelve months, beginning August 1, 2016. An adjusted trial balance prepared on December 31, 2016 will show a credit balance in Unearned Revenue in the amount of:
A. 0
B. 5,000
C. 1,000
D. 7,000