Answer:
credits to the two revenue accounts
Explanation:
The journal entry above is focusing on <u>"two revenue accounts"</u> and these are "Fees Earned" and "Rent Revenue."
Remember that "Fees Earned" is part of the revenue section in the<em> Income Statement.</em> It is the amount of money earned for services provided such as <em>auditing fees</em> or <em>consulting fees.</em>
An increase in revenue is being credited when it comes to<em> journal entries.</em> So, this means that "credits to the two revenue accounts" have to be made.
So, this explains the answer.
Alright, so the first thing I would do is find the LCM of the dividends, which is 20. So we have 10 15/20 and 6 16/20. You can either leave it there and just carry the one (20 in this case) for 3 19/20.
If you multiply 10 by 20 and add 15, or 6 by 20 and add 16 (which I think is easier) you get 215/20 - 136/20 = 79/20. It can be simplified from here if you teacher wants it in the future.
Answer:
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Step-by-step explanation: