If Fees Earned has been credited, it is most likely that:
A) services were provided.
B) the owner made an investment.
C) a correcting entry for the overstatement of revenue was recorded.
D) a customer paid in advance.

Question

Quizplus · Accepted Answer

When "Fees Earned" is credited, it typically indicates that services have been provided, generating revenue for the business. This is because in accounting, revenues are increased by credits.

If Fees Earned Has Been Credited, It Is Most Likely