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-   -   How to make adjustments on a worksheet (https://www.askmehelpdesk.com/showthread.php?t=310501)

  • Jan 29, 2009, 07:09 PM
    ariana30
    How to make adjustments on a worksheet
    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?
  • Jan 29, 2009, 07:22 PM
    pready

    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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