What Would Be the Account Balance in the Service Revenue

question 113

Multiple Choice

What would be the account balance in the Service Revenue account after the following transactions, assuming a zero beginning balance? $\begin{array}{|l|l|}\hline \text { Performed services and left a bill. } & \$ 4,200 \\\hline \text { Performed services and collected immediately. } & \$ 3,500 \\\hline \text { Performed services and billed customer: } & \$ 2,200 \\\hline \text { Performed services on account. } & \$ 6,000 \\\hline \text { Received partial payment on account. } & \$ 1,500 \\\hline\end{array}$

• A) $17,400
• B) $10,900
• C) $14,400
• D) $ 9,000
• E) $15,900

---

Definitions:

Competent and Professional

Refers to possessing the required skills, knowledge, and ethical standards expected in a professional setting.

Third Party Intended Beneficiary

A person or entity that, while not a party to a contract, is intended by the contracting parties to benefit from its performance.

Academic Performance

An assessment of a student's learning progress and achievement in educational settings, often measured by grades and test scores.

Romantic Relationships

Emotional and physical bonds between two people characterized by feelings of love, commitment, and intimacy.