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  • Oct 20, 2007, 01:37 PM
    DUTCH327
    Adjusting Entry
    I am trying to make the following adjusting entry:

    Fees received on account in advance from clients 6,900

    Is that: debit to accounts receivable and credit to unearned revenue?
  • Oct 20, 2007, 02:01 PM
    newlen5990
    Not if you received cash then it is a debit to cash and a credit to unearned revenue. It depends on how it is paid for credit or cash but you are on the right track

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