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    ariana30's Avatar
    ariana30 Posts: 1, Reputation: 1
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    #1

    Jan 29, 2009, 07:09 PM
    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?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jan 29, 2009, 07:22 PM

    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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