What Would Be the Account Balance in the Service Revenue

question 215

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 credit
• B) $14,400 credit
• C) $14,400 debit
• D) $15,900 credit
• E) $15,900 debit

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Definitions:

Igneous Rock

Stone generated by the hardening and crystallization of molten rock material.

Bowens Reaction Series

Bowen's Reaction Series describes the sequence in which minerals crystallize from cooling magma according to their chemical composition and temperature.

Crystallize

The process by which a solid forms, where the atoms or molecules are highly structured in a pattern known as a crystal lattice.

Olivine

A green iron-magnesium silicate mineral that composes much of the upper mantle and also occurs in mafic and ultramafic igneous rocks.