What would be the account balance in the Service Revenue account after the following transactions, assuming a zero beginning balance??
A)$17,400 credit
B)$14,400 credit
C)$14,400 debit
D)$15,900 credit
E)$15,900 debit

Question

What would be the account balance in the Service Revenue account after the following transactions, assuming a zero beginning balance?? 
A)$17,400 credit 
B)$14,400 credit 
C)$14,400 debit 
D)$15,900 credit 
E)$15,900 debit

Quizplus · Accepted Answer

The transactions are not provided, so we cannot determine the specific amounts of revenue earned. However, if the Service Revenue account has a zero beginning balance and all transactions during the given period were revenue earned, then the account balance would be the total amount of revenue earned during that period, which would be reflected as a credit balance. Therefore, the only option that represents a credit balance is (D) $15,900 credit.

What Would Be the Account Balance in the Service Revenue