On a worksheet,the adjusted balance of the revenue account Fees Income would be extended to:
A) the Income Statement Debit column.
B) the Balance Sheet Credit column.
C) the Balance Sheet Debit column.
D) the Income Statement Credit column.

Question

Quizplus · Accepted Answer

The adjusted balance of the revenue account Fees Income would be extended to the Income Statement Credit column, as it represents revenue earned during the period and is therefore a credit balance that goes into the income statement.

On a Worksheet,the Adjusted Balance of the Revenue Account Fees