=+3. C Accounts Receivable (answer A),Cash (answer B), and Miscellaneous Expense (answer D) would all normally have

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=+3. C Accounts Receivable (answer A),Cash (answer B), and Miscellaneous Expense (answer D) would all normally have debit balances. Fees Earned should normally have a credit balance. Hence, a debit balance in Fees Earned (answer C) would indicate a likely error in the recording process.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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