This is a T-Account for SERVICE REVENUE FEEHere are the transactions and amounts provided. I need to find out what Transaction C is.On the Credit SideBeginning Balance $6,000Transaction A $3,00Transaction B $3,500Transaction C? is on the Debit side. How do I figure out the amount of Transaction C. Please show me how to figure that out but also provide the answer. Thanks!

Question
Asked Jan 24, 2019
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This is a T-Account for SERVICE REVENUE FEE
Here are the transactions and amounts provided. I need to find out what Transaction C is.

On the Credit Side
Beginning Balance $6,000
Transaction A $3,00
Transaction B $3,500

Transaction C? is on the Debit side. How do I figure out the amount of Transaction C. Please show me how to figure that out but also provide the answer. Thanks!

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Expert Answer

Step 1

Service revenue fees is in the nature of revenue account, which is having a credit balance as a normal balance. The equation of finding the ending balance in such revenues account is as under:

Ending balance of Revenues account = Begining balance of Revenue account (Credit side)+ All credit entries in Revenue accounts (credit side) - All deb...

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