3-13 - events using the procedure of initially crediting...

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Page 13 of 14 http://ezto.mhhm.mcgraw-hill.com/hm_accounting.tpx?todo=printview events using the procedure of initially crediting the Fees Earned account when payment is received 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 "$" sign in your response.) Date General Journal Debit Credit July 1 Cash 2,800 Fees Earned 2,800 6 Cash 8,100 Fees Earned 8,100 12 No entry required for this transaction 0 No entry required for this transaction 0 18 Cash 7,300 Fees Earned 7,300 27 No entry required for this transaction 0 No entry required for this transaction 0 31 Fees Earned 7,300 Unearned Fees 7,300 Worksheet Learning Objective: 03-P4 b. Prepare journal entries (including any adjusting entries as of the end of the month) to record these
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Unformatted text preview: events using the procedure of initially crediting the Fees Earned account when payment is received from a customer in advance of performing services. (In cases where no entry is required, please select the option "No entry required for this transaction" for your answer to grade correctly. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Date General Journal Debit Credit July 1 Cash 2,800 Fees Earned 2,800 6 Cash 8,100 Fees Earned 8,100 12 No entry required for this transaction No entry required for this transaction 18 Cash 7,300 Fees Earned 7,300 27 No entry required for this transaction No entry required for this transaction 31 Fees Earned 7,300 Unearned Fees 7,300...
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This note was uploaded on 08/09/2010 for the course ACCT 1 taught by Professor Ludwig during the Spring '10 term at Los Angeles City College.

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