Unearned Fees to Earned Fees AJE

LuvinLife2007 · #1 Oct 6, 2007, 07:45 AM

Unearned fees previously recorded of 1200. As of 12/31 fees have been earned--what is aje?

CaptainForest · Oct 6, 2007, 09:46 PM

Dr. Unearned Fees 1,200
Cr. Revenue 1,200

day-timer · Jun 7, 2008, 08:46 AM

AJE is telling you to record adjusting entries as of 12/31

Dr. Unearned Fees 1,200
Cr. Earned Fees(Reenue) 1,200



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