WebApr 8, 2024 · All Income and Gains. Fees earned (Income) are Credited (Cr.) As per the golden rules of accounting for (nominal accounts) incomes and gains are to be credited. So, fees earned are credited to the … WebExpert Answer. A. cash (debit); receivables (credit)Explanation: The following entry will ap …. Which of the following entries records the receipt of cash from clients on account? a. …
Which of the following entries records the receipt of cash from ...
WebOct 2, 2024 · Before the adjusting entry, Accounts Receivable had a debit balance of $1,000 and Fees Earned had a credit balance of $3,600. These balances were the result of other transactions during the month. When the accrued revenue from the additional unfinished job is added, Accounts Receivable has a debit balance of $3,500 and Fees … WebOct 2, 2024 · Fees Earned; Date. Item. Debit. Credit. Debit. Credit. 6/1. 600. 600. OR. Method #2: A customer prepays a company $1,000 for a job that the company will … downloads customer
The Guide to Debit Card Processing Fees - NerdWallet
WebThe journal entry to record fees of $13,500 earned on account would include. a.a debit to Accounts Receivable for $13,500 and a credit to Fees Earned for $13,500. b.a debit to Cash for $13,500 and a credit to Fees Earned for $13,500. c.a debit to Cash for $13,500 and a credit to Accounts Receivable for $13,500. d.a debit to Fees Earned for ... WebPrepaid Insurance Fees Earned a) Issued capital stock for cash, $27,500 b) Paid rent on office for month, $2,500 c) Purchased office supplies for cash, $2,225 ... The debit and credit totals of the following trial balance are unequal as a result of the following errors. Prepare a corrected trial balance as of June 30 of the current year. WebMar 20, 2024 · Last Modified Date: March 20, 2024. Fees earned is an accounting category that appears in the revenue section of an income statement. It reflects revenue earned … downloads currently unavailable