Question
An adjustment to record unrecorded fees earned was posted during the current period. Which of the following would cause the adjusted trial balance totals to
An adjustment to record unrecorded fees earned was posted during the current period. Which of the following would cause the adjusted trial balance totals to be unequal?
a.The adjustment was posted as a debit to Fees Earned and a credit to Accounts Receivable.
b.The adjustment was posted as a debit to Accounts Receivable for $870 and a credit to Fees Earned for $780.
c.The adjustment was completely omitted.
d.The adjustment was posted as a debit to Cash and a credit to Fees Earned.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
25th Edition
1260780147, 9781260780147
