Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 41 (4 points) At December 31, $9,000 of fees have been earned but have not been billed to clients. O Debit--Fees Earned, 9,000; Credit--Accounts

image text in transcribed
image text in transcribed
Question 41 (4 points) At December 31, $9,000 of fees have been earned but have not been billed to clients. O Debit--Fees Earned, 9,000; Credit--Accounts Receivable, 9,000. O Debit--Cash, 9,000; Credit- - Fees Earned, 9,000. Debit- - Accounts Payable, 9,000; Credit- -Cash, 9,000. Debit--Accounts Receivable, 9,000; Credit- - Fees Earned, 9,000. Question 42 (3 points) The amount of depreciation on equipment for the year is $5,000. O Debit--Equipment, 5,000; Credit- -Fees Earned, 5,000. Debit- - Depreciation Expense, 5,000; Credit- - Accumulated Depreciation, 5,000. Debit--Depreciation Expense, 5,000; Credit--Cash, 5,000. Debit. Accumulated Depreciation, 5,000; Credit- - Depreciation Expense, 5,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Retail Industry IRS Audit Technique Guide

Authors: Internal Revenue Service

1st Edition

1304114783, 978-1304114785

More Books

Students also viewed these Accounting questions