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

Name: 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
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Question

Quizplus · Accepted Answer

Fees earned is a revenue account, which has a normal credit balance.

Which of the Following Describes the Classification and Normal Balance