Question
The fees journal is one of the most important journals in an attorney's practice. All fees levied for services rendered to clients are recorded in
The fees journal is one of the most important journals in an attorney's practice. All fees levied for services rendered to clients are recorded in the fees journal. Which of the statements reflect the recording of the totals of the fees journal in the general ledger?
A. The total of the fees journal is:
Debited to the "Clients' control" account; and Credited to the "Fees earned" account.
B. The total of the fees journal is: Debited to the "Trust creditors" control account; and Credited to the "Fees earned" account.
C. The total of the fees journal is: Debited to the "Fees earned" control account; and Credited to the "Trust creditors" account.
D. The total of the fees journal is: Debited to the "Fees earned" account; and Credited to the "Clients' control" account
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Understanding Financial Accounting A Guide For Non-specialists
Authors: Jimmy Winfield, Mark Graham, Taryn Miller
1st Edition
0198847270, 9780198847274
