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:
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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:
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.
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