Unearned Fees Adjusting Entry

Special Journals - Wikipedia, The Free Encyclopedia
Special journals are designed as a simple way to record the most frequently occurring transactions. The number of the ledger account to which the journal entry was posted is recorded in the folio number column of the journal. Cash money, eftpos, cheques, credit cards. ... Read Article

ACCOUNTING 201 - Everett Community College
ACCOUNTING 201 CHAPTER 3 The monthly adjusting entry at January 31 . a. should pay salaries of $1,600. account Unearned Legal Fees. Which of the following statements is true regarding adjusting entries for this liability account? ... Doc Viewer

ACCRUED EXPENSES (ACCRUED LIABILITIES)
Every adjusting entry for accrued expenses debits an expense account, increasing expenses on the income statement and reducing net income, and credits a payable account, increasing liabilities on the balance sheet. How to Record Accrued Expenses ... Read Content

Unearned Revenues - Dermott Crofton
Unearned revenues – Bogus Manufacturing Company purchased an annual service contract from your company for $24,000, which they paid up front. ... Read Content

C H A P T E R 3 The Adjusting Process
3 The Adjusting Process . C H A P T E R . Q. UIZ AND . T. EST . H. If the adjusting entry to record accrued fees earned at the end of the period Then journalize the entry. Unearned Rent . Rent Revenue . Dec. 1 6,000 . JOURNAL PAGE. DATE . DESCRIPTION . POST. ... Access Content

CHAPTER 4 THE ACCOUNTING CYCLE: ACCRUALS AND DEFERRALS
Less: Adjusting entry #2 Unearned client revenue at December 31, 2011 Income taxes payable (unadjusted) Add: Adjusting entry #9 Unearned Retainer Fees To record advance collections earned in December. (4) STILLMORE INVESTIGATIONS ... View This Document

DISCUSSION QUESTIONS - Quia
3-2 Adjusting entries for unearned fees Easy 5 min Analytic FN-Measurement Ex3-9 3-2 The adjusting entry would debit Warranty Expense and credit Estimated Warranty Payable, a liability account. Activity 3–3. ... Access This Document

Capital Gain - Wikipedia, The Free Encyclopedia
Capital gain in national income accounting Capital Unearned income; Property income; References Further reading. Moore, Stephen (2008). "Capital Gains Taxes". In David R. Henderson (ed.). Concise Encyclopedia of Economics (2nd ed.). Indianapolis: Library ... Read Article

Quick Question On Adjusting Journal Entries
Quick Question On Adjusting Journal Entries F. Make the October 2 payroll entry. A22 DATE ACCOUNT TITLE AND DESCRIPTION PR DEBIT CREDIT Plant and Equipment: Unearned Storage Fees 200 Equipment $1,500 Total Liabilities $1,200 Less: ... Retrieve Here

InPlay From Briefing.com
InPlay from Briefing.com ... Read News

UNIT #8 - ADJUSTING ENTRIES
UNIT #8 - ADJUSTING ENTRIES. TUTORIAL - INITIAL. TUTORIAL - COMPLETED. INSTRUCTIONS FOR UNIT #8 ~ In . Unit #7 . you . recorded . and . posted. ten entries typical for a corporation. ... Read Here

Adjusting Entries – Examples Step 1 ‐‐ The balance of Supplies before the adjusting entry is $2,500. The journal entry includes a debit to Unearned Revenue and a credit to Legal Fees Earned for $3,500 When ... Fetch Here

A Company Earned $1,500 In Net Income For October
A company earned $2,500 in net income for October. Its net sales for October were $10,000. Its profit margin is: The Cash receipt was recorded as unearned fees. The adjusting entry on December 31, 2010 should include: a debit to Unearned Fees for $1,167. ... Access Full Source

12 Work Sheet And Adjusting Entries - Cengage Learning
An adjusting entry is made for the amount used (total minus amount 3. Prepare an adjustment of unearned revenue. (Unearned Course Fees) and credit the revenue account (Course Fees Income). 4. ... Return Document

I A. To Record Expiration Of Prepaid Insurance. Prepaid ...
WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on the Unearned Training Fees account was Prepare the adjusting entry that would be recorded on Monday. December 31 , 2013 ... Fetch Document

SECTION 4-9 - California State University
GAAP Basis Accounting Adjusting Entries. Debit Tuition and fees $1,800,000. an example of unearned fees calculation schedule is provided in Chapter 9 Preparing for the Financial Statements Audit, SECTION 4-9 Author: Lenora Ledent Last modified by: Tito, Evajoy ... View Document

Principles Of Accounting I ACCT-1104
Principles of Accounting I ACCT-1104 Adjusting Entries Review Unearned Fees 18000 Prepare the adjusting entry to record the fees earned. Question 5 - Answer Accounts Receivable 12000 Fees Earned 12000 . ... Get Doc

Adjusting Entries For - Faculty Personal Web Page Listings
Adjusting Entries for the Quarter 1. 220 Unearned Consulting Fees 3,330.00 605 Advertising Expense 850.00 610 Depreciation Expense, Office Equipment 475.00 If in error, the adjusting entry for the consulting fees had not ... Fetch Full Source

If no adjusting entry is made for supplies: A. stockholders' equity will be overstated by $800. B. expenses will be understated by $950. C. assets will be understated by $350. The receipt was recorded as a credit to Unearned Fees. What adjusting entry is required on December 31, 2012? ... View This Document

Depreciation - Wikipedia, The Free Encyclopedia
If the vehicle were to be sold and the sales price exceeded the depreciated value (net book value) then the excess would be considered a gain and subject to depreciation recapture. ... Read Article

Adding Expense Or Disbursement Codes In ESILAW - YouTube
Learn how to add expense or disbursement codes and how to use them to speed up data entry. Skip navigation Upload. Sign in. Adding expense or disbursement codes in ESILAW Michael Saville. Subscribe Subscribed Adjusting entries, unearned/accrued, revenue/expense ... View Video

Adjusting Entries And The Completion Of The Accounting Cycle
Adjusting Entries and the Completion of the Accounting Cycle . The one thing that most accounting students come out of a four-year education not ... Read Here

Closing Entries As Part Of The Accounting Cycle
How to Make Adjusting Entries in your Accounting Journals; Small Business; Small Business Bookkeeping Accounting - Double-Entry Bookkeeping; Develop the Chart of Accounts for your Small Business - Chart of Accounts; Closing Entries as Part of the Accounting Cycle About Money ... Read Article

Investment Interest Expense Deduction - About.com Money
Investment interest is also deducted when calculating the 3.8% unearned income Medicare contribution for the purpose of calculating the investment interest expense deduction, include "your Such investment expense deductions include accounting and legal fees, fees for automatic ... Read Article

EXERCISES Ex. 3–1 Ex. 3–2
Unearned Fees .. Normally requires adjustment (UR). Wages Expense This adjusting entry represents accrued laundry revenue. 2. The accountant debited rather than credited Laundry Supplies for $1,750. 3. ... Retrieve Document