a-company-discovers-10000-of-unrecorded-revenue-from-last-year-how-should-retain

Question

A company discovers $10,000 of unrecorded revenue from last year. How should retained earnings be adjusted?

Accepted Answer

Credit Retained Earnings by $10,000.

Answer

Debit Retained Earnings by $10,000.

Answer

Credit Cash by $10,000.

Answer

Debit Revenue by $10,000.

A company discovers \$10,000 of unrecorded revenue from last year. How should retained earnings be adjusted?