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12 August, 16:56

If a fee of $2,850 earned from a client was debited to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850, which of the following statements would be true? (A) The credit total of the trial balance would be higher by $270. (B) The debit total of the trial balance would be higher by $270. (C) The wrong account is credited (D) the trial balance total would be equal

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Answers (1)
  1. 12 August, 18:09
    0
    given data

    fee = $2850

    receive = $2580

    credit fees = $2850

    to find out

    which statement true

    solution

    we know here that fee earn by client is here $2850

    and

    $2580 receive as debit account so

    $2850 fee earn credit

    so we can say here

    credit balance will be high (2850 - 2580)

    higher = 270

    so option A is correct

    so here the credit account total of trial balance would be high by $270
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Home » Business » If a fee of $2,850 earned from a client was debited to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850, which of the following statements would be true? (A) The credit total of the trial balance would be higher by $270.
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