If the Unearned Revenue account had an unadjusted normal balance of $3,800, and an adjustment was made debiting the account for $500, the amount would appear in the Adjusted Trial Balance columns of the work sheet as a
A) $4,300 debit.
B) $4,300 credit.
C) $3,300 debit.
D) $3,300 credit.
E) $3,800 debit.

Question

Quizplus · Accepted Answer

Unearned Revenue is a liability account with a normal credit balance. If it is debited for $500, the balance decreases, resulting in a $3,300 credit balance in the Adjusted Trial Balance.

If the Unearned Revenue Account Had an Unadjusted Normal Balance