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View Full Version : Unearned Fees to Earned Fees AJE

LuvinLife2007
Oct 6, 2007, 08:45 AM
Unearned fees previously recorded of 1200. As of 12/31 fees have been earned--what is aje?
CaptainForest
Oct 6, 2007, 10:46 PM
Dr. Unearned Fees 1,200
Cr. Revenue 1,200
day-timer
Jun 7, 2008, 09:46 AM
AJE is telling you to record adjusting entries as of 12/31

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