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    Ashleyam2460's Avatar
    Ashleyam2460 Posts: 1, Reputation: 1
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    #1

    Oct 23, 2011, 06:34 PM
    How do you adjust unearned fee in the adjustments column?
    Unearned fees is 4,000 On October 31 Unearned fees is 1,800
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 24, 2011, 06:42 AM
    The difference between your two amounts is the fees that have been earned, therefore your adjusting entry will be:
    Debit Unearned Fees by the amount of the difference
    Credit Earned Fees by the amount
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