Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Get immediate and reliable solutions to your questions from a knowledgeable community of professionals on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31?
A. $0
B. $1,000
C. $5,000
D. $9,000
E. $12,000