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?
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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?
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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