If a fee of $2,850 earned from a client was debited to accounts receivable for $2,580 and credited to fees earned for $2,850, which of the following statements would be true? (a) the credit total of the trial balance would be higher by $270.(b) the debit total of the trial balance would be higher by $270.(c) the wrong account is credited(d) the trial balance total would be equal

Explanation:

given data

fee = $2850

receive = $2580

credit fees = $2850

to find out

which statement true

solution

we know here that fee earn by client is here  $2850

and        

$2580 receive as debit account  so

$2850 fee earn credit

so we can say here

credit balance will be high ( 2850 - 2580)

higher = 270

so option A is correct          

so here the credit account total of trial balance would be high by $270

answer; i believe that the correct answer is ( owners investment)

the correct answer is:

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