Question

On the worksheet, the Service Revenue account has a credit balance of $20,000 on the Unadjusted Trial Balance. In the Adjustments there is a credit of $2,000. What is the amount for Service Revenue in the Adjusted Trial Balance?

Answer 1

$22,000

Explanation:

Data provided

Credit balance = $20,000

Credit amount = $2,000

The computation of the amount for Service Revenue in the Adjusted Trial Balance is shown below:-

The Amount for service revenue = Credit balance + Credit amount

= $20,000 + $2,000

= $22,000

Therefore we have applied the above formula for determining the Amount for service revenue.