2013年10月26日星期六

Adjusting Entries for Unearned and Accrued Fees Help!?

  • balance transfer fees
  • credit cards with 0 balance transfers
  • earned media
The balance in the unearned fees account, before adjustment at the end of the year, is $112,000. Of these fees, $71,600 have been earned. In addition, $47,400 of fees have been earned but have not been billed.


a.) Journalize the adjusting entry to adjust the unearned fees account.


b.) Journalize the adjusting entry to to record the accrued fees.



If someone could please figure this out for me in detail, I would definitely appreciate it! I'm having a bit of a hard time with Accounting.

Adjusting Entries for Unearned and Accrued Fees Help!?

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