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Author Question: Which of the following describes the classification and normal balance of the fees earned account? ... (Read 27 times)

jlmhmf

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on: Jul 5, 2018
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.


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ecabral0

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Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

B


jlmhmf

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Reply 2 on: Jul 5, 2018
Gracias!

raili21

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Reply 3 on: Yesterday
Wow, this really help

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