QUESTION 10 The Jonathan Corporation had the following accou

QUESTION 10 The Jonathan Corporation had the following account balances on December 31. Salary expense $4,100 Fees revenue $16,600 $3,500 Cash $18,500 t expense $3,000 Accounts payable $5,500 id rent $1,500 $1,700 Supplies expense $4,800 $8,000 Accounts receivable S12,500 Common stock $19,500 Prepa Dividends Retained earnings Determine the balance in the company\'s fees revenue account after it is closed at the end of December. o a. S0 O b. $16,600 debit ? c. $16,600 credit o d. $4,700 debit

Solution

The Correct Answer would be Option C - $16,600 credit