3-12 - from a customer in advance of performing services(In...

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Page 12 of 14 http://ezto.mhhm.mcgraw-hill.com/hm_accounting.tpx?todo=printview 13. award: 1 out of 1 point select the option "No entry required for this transaction" for your answer to grade correctly. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Date General Journal Debit Credit July 1 Cash 2,800 Unearned Fees 2,800 6 Cash 8,100 Unearned Fees 8,100 12 Unearned Fees 2,800 Fees Earned 2,800 18 Cash 7,300 Unearned Fees 7,300 27 Unearned Fees 8,100 Fees Earned 8,100 31 No entry required for this transaction 0 No entry required for this transaction 0 Worksheet Learning Objective: 03-P4 a. Prepare journal entries (including any adjusting entries as of the end of the month) to record these events using the procedure of initially crediting the Unearned Fees account when payment is received
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Unformatted text preview: from a customer in advance of performing services. (In cases where no entry is required, please select the option "No entry required for this transaction" for your answer to grade correctly. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Date General Journal Debit Credit July 1 Cash 2,800 Unearned Fees 2,800 6 Cash 8,100 Unearned Fees 8,100 12 Unearned Fees 2,800 Fees Earned 2,800 18 Cash 7,300 Unearned Fees 7,300 27 Unearned Fees 8,100 Fees Earned 8,100 31 No entry required for this transaction No entry required for this transaction b. Prepare journal entries (including any adjusting entries as of the end of the month) to record these...
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