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    DUTCH327's Avatar
    DUTCH327 Posts: 1, Reputation: 1
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    #1

    Oct 20, 2007, 01:37 PM
    Adjusting Entry
    I am trying to make the following adjusting entry:

    Fees received on account in advance from clients 6,900

    Is that: debit to accounts receivable and credit to unearned revenue?
    newlen5990's Avatar
    newlen5990 Posts: 9, Reputation: 2
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    #2

    Oct 20, 2007, 02:01 PM
    Not if you received cash then it is a debit to cash and a credit to unearned revenue. It depends on how it is paid for credit or cash but you are on the right track
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