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    dcowboys107's Avatar
    dcowboys107 Posts: 4, Reputation: 1
    New Member
     
    #1

    Jan 26, 2010, 04:43 PM
    What is the consulting revenue?
    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's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    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.

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