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View Full Version : What is the consulting revenue?


dcowboys107
Jan 26, 2010, 04:43 PM
Determine the balance of the Consulting Fees Account in the Trial Balance of Diligence Inc.as of December 31, 2008. All accounts have normal balances.
Retained Earnings $11,600 Unearned Rent $900
Prepaid Insurance 4,000 Store Supplies 1,500
Accounts Payable 8,000 Accounts Receivable 6,000
Dividends 1,400 Interest Revenue 1,700
Salaries Expense 2,600 Common Stock 10,000
Consulting Revenue ?? Buildings 22,000
Utilities Expense 700 Cash 3,000
a. $9,000
b. $13,000
c. $6,200
d. $16,800

morgaine300
Jan 27, 2010, 12:08 AM
A trial balance has to have equal debits and credits. So all you have to do is add up the debits and the credits, and see what the missing number is.