If fees earned totals $14400 and fees earned but unrecorded and collected at the end of the accounting period are $408, what do I credit and what do I debit?
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If fees earned totals $14400 and fees earned but unrecorded and collected at the end of the accounting period are $408, what do I credit and what do I debit?
For Fees earned but not recorded the journal entry is:
Debit Accounts Receivable for the amount
Credit Fees Earned for the amount
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