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Adjusting entries for unearned and accrued fees
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The balance in unearned fees account,before adjusting at the end year, is $112790.of these fees,$69,735 have been earned.In addition $13200 of fees have been earned but not have been billed, journalize the adjusting entries a. to adjust the unearned fees account b. to record the accrued fees.
Calculating unearned revenue?
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On April 30, 2005, XYZ Company received $16,800 cash from a customer as payment for services To be performed over the next twelve months. Calculate the amount of unearned revenue that would appear in XYZ Company's balance sheet at December 31, 2005.
Calculating unearned revenue
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At month end, August 31, 2009, the Unearned Consulting Revenue account had an unadjusted balance of $7,400. $3,000 of this consulting has been done. Prepare the month-end adjusting entry. I am having trouble calculating this out, I am not sure how to do the adjusting entry when some of the...
Adjusting for unearned revenue
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Hi I have this question: As at 30 June 2008, $11,560 has been paid in advance for coaching lessons that will be provided in July and August 2008. Sam has credited the account "Coaching Fees received in advance" in the Balance sheet for this amount. How do I go about preparing the adjusting...
Adjusting entries for unearned revenue?
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I have this hw question regarding unearned revenue. There's 2 transactions: Sept 1 Sold 1800 one year subscriptions for cash at 12 each. Sept 30 Sold 400 more one year subscriptions for cash at 12 each. These subscriptions begin on Oct 1. I'm supposed to adjust and recognized the revenue... View more questions Search
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