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View Full Version : Adjusting entries: how to journalize a specific adjusting entry


jch15
Oct 5, 2009, 07:19 AM
How would I journalize this adjusting entry?

Invoices representing $1,000 of services performed during the month have not been recorded as of May 31. :confused:

bgriffi3
Oct 6, 2009, 03:03 PM
Debit
Accounts Rec 1000.00
Credit
Services earned (fees earned) 1000.00
So you are recording fees to come in
For services you already provided.