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-   -   How do you adjust unearned fee in the adjustments column? (https://www.askmehelpdesk.com/showthread.php?t=606301)

  • Oct 23, 2011, 06:34 PM
    Ashleyam2460
    How do you adjust unearned fee in the adjustments column?
    Unearned fees is 4,000 On October 31 Unearned fees is 1,800
  • Oct 24, 2011, 06:42 AM
    pready
    The difference between your two amounts is the fees that have been earned, therefore your adjusting entry will be:
    Debit Unearned Fees by the amount of the difference
    Credit Earned Fees by the amount

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