What Would Be the Account Balance in the Service Revenue

question 173

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

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Definitions:

Normal Population

A group or set of entities that exhibit data distribution in a bell-shaped curve, also known as the Gaussian distribution, where the mean, median, and mode are equal.

Degrees of Freedom

The number of independent values or quantities that can be assigned to a statistical distribution or in the calculation of a statistic.

Sample Sizes

The number of observations or data points that make up a sample, an essential aspect of experimental design affecting the accuracy of statistical estimates.

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The amount of money spent on garments and attire over a certain period.