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Adjusting entries for unearned and accrued fees
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Adjusting unearned fees
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Unearned fees on May 31st are 1300.00. The balance on the unearned fees account is 1550.00. On the adjusted trial balance I need unearned fees to equal 1300.00, but I keep getting the wrong answer. I really need help!
Adjusting entries: how to journalize a specific adjusting entry
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How would I journalize this adjusting entry? Invoices representing $1,000 of services performed during the month have not been recorded as of May 31. :confused:
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Prepare adjusting entries for the year ended December 31, 2007, based on the following data: a. A two-year insurance policy costing $3,000 was purchased on September 30, 2007. b. Employee salaries are owed for 3 days of a regular 5-day work week. Weekly payroll, $8,000. c. ...
Adjusting entries for unearned revenue?
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I have this hw question regarding unearned revenue. There's 2 transactions: Sept 1 Sold 1800 one year subscriptions for cash at 12 each. Sept 30 Sold 400 more one year subscriptions for cash at 12 each. These subscriptions begin on Oct 1. I'm supposed to adjust and recognized the revenue... View more questions Search
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