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7. Resource Services Company performed services in February for a specific customer, for a fee of $11,250. Payment was received in March. (a) Was the
7. Resource Services Company performed services in February for a specific customer, for a fee of $11,250. Payment was received in March. (a) Was the revenue earned in February or March? (b) What accounts should be debited and credited in (1) February and (2) March? 8. What proof is provided by a trial balance? 9. If the two totals of a trial balance are equal, does it mean the accounting records have no errors? Explain. 10. Assume that a trial balance is prepared with an account balance of $21,740 listed as $2,174 and an account balance of $4,500 listed as $5,400. Identify the transposition and the slide
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