Rocky’s Day Spa income statement shows Fees Earned of 98,435. Which value matches Fees Earned?

• A. 23,760
• B. 68,000
• C. 98,435
• D. 45,625

Answer: (C)

Fees Earned represents the revenue from services performed during the period and is shown on the income statement as total service income. Since the statement lists Fees Earned as 98,435, that is the value that matches this line item. The other numbers would correspond to different accounts (other revenues or expenses) and do not represent Fees Earned.