Question

In transaction (C) on 5/10, the Fees Earned account is a(n)

Answer 1

Answer:

(B) Revenue account which increases

Step-by-step explanation:

Hello, my dear friend, I am sure the question you are intending should be corrected as follows:

In transaction (C) on 5/10, the Fees Earned account is a(n) A. Expense account, which increases B. Revenue account, which increases C. Revenue account, which decreases D. Asset account, which decreases

If that is the case, then please note that whatever amount you earn, is an amount that will always increase. If you have no earnings, then nothing decreases nor decreases.