Solution-What the balance of the service fees account is a

What the balance of the service fees account is a

Assignment Help Accounting Basics

Reference no: EM132624199

Problem 1: The balance of a t-account

Option 1: is always recorded on the normal balance side

Option 2: on the side with the greater total

Option 3: on the credit side

Option 4: on the debit side

Problem 2: Service Fees as credit entries of $12,000 and $4,000. The balance of the service fees account is a

Option 1: credit of $16,000

Option 2: credit of $8,000

Option 3: debit of $16,000

Option 4: credit of $4,000

Reference no: EM132624199

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What the balance of the service fees account is a

Reference no: EM132624199

Reference no: EM132624199

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