Which of the following describes the classification and normal ...

[jlmhmf]

Which of the following describes the classification and normal balance of the fees earned account?
 a. asset, credit
  b. liability, credit
  c. owner's equity, debit
  d. revenue, credit

Question 2

The following information pertains to the Richardson County General Fund:
   Appropriations 10,000,000
   Estimated Revenues 12,000,000
   Expenditures 12,800,000
   Revenues 9,200,000
   Long-term note issue proceeds 1,000,000
   Short-term note
 
  principal retirements 250,000
   Operating transfers to other funds 75,000
 
  The change in Richardson County's General Fund fund balance for the year is a
  A. 2,600,000 decrease.
  B. 2,675,000 decrease.
  C. 2,925,000 decrease.
  D. 3,600,000 decrease.

[ecabral0]

Answer to Question 1

d

Answer to Question 2

B

[jlmhmf]

Excellent

[komodo7]

TYSM