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    yankz's Avatar
    yankz Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Nov 11, 2010, 07:16 PM
    Journals
    The journal entry to recognize $1000 of commissions earned but not collected would include a debit to commissions
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Nov 11, 2010, 07:37 PM

    Commissions earned but not yet collected are an asset. You want to debit some type of Receivable account. This could be something like Commissions Receivable. The credit will be an income account.
    Magda110's Avatar
    Magda110 Posts: 7, Reputation: 2
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    #3

    Nov 27, 2010, 07:05 AM
    Commissions Receivable - 1000 (debit)
    Commissions revenue - 1000 (credit)
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