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    vivian elpaso's Avatar
    vivian elpaso Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Feb 13, 2009, 11:52 PM
    Accured 700 expense for the secretary's salary
    Accured 700 expense for the secretary's salary
    vivian elpaso's Avatar
    vivian elpaso Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Feb 13, 2009, 11:57 PM

    Earned 300 of the service revenue
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
    Senior Member
    		  
    #3

    Feb 14, 2009, 01:46 PM

    Is there a question here?
    Cynthia514's Avatar
    Cynthia514 Posts: 37, Reputation: 1
    Junior Member
    		  
    #4

    Feb 15, 2009, 11:23 PM

    Me too, just really don't know what to answer...
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #5

    Feb 16, 2009, 01:44 PM

    For accrued expenses the enty is:
    Debit the Expense account for the amount
    Credit the Payable account for the amount

    For unearned revenue that has been earned the entry is:
    Debit the Unearned Revenue account toe amount
    Credit the Earned Revenue account for the amount
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