3-14 - $ 10,900 Worksheet Learning Objective: 03-P4 c....

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Page 14 of 14 http://ezto.mhhm.mcgraw-hill.com/hm_accounting.tpx?todo=printview 14. award: 1 out of 1 point c. Under each method, determine the amount of earned fees reported on the income statement for July and the amount of unearned fees reported on the balance sheet as of July 31. (Omit the "$" sign in your response.) Under the first method (and using entries from a): Unearned Fees $ 7,300 Fees Earned $ 10,900 Under the second method (and using entries from b): Unearned Fees $ 7,300 Fees Earned
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Unformatted text preview: $ 10,900 Worksheet Learning Objective: 03-P4 c. Under each method, determine the amount of earned fees reported on the income statement for July and the amount of unearned fees reported on the balance sheet as of July 31. (Omit the "$" sign in your response.) Under the first method (and using entries from a): Unearned Fees $ 7,300 Fees Earned $ 10,900 Under the second method (and using entries from b): Unearned Fees $ 7,300 Fees Earned $ 10,900...
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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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