Cash receipt was recorded as unearned fees, Accounting Basics

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Cash receipt was recorded as unearned fees

On May 1, 2009 Giltus Advertising Company received $1,500 from Julie Bee for advertising services to be completed April 30, 2010. The Cash receipt was recorded as unearned fees and at December 31, 2009, $1,000 of the fees had been earned. The adjusting entry on December 31 Year 1 should include:

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Accounting Basics: Cash receipt was recorded as unearned fees

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Accounting Basics: Cash receipt was recorded as unearned fees

Reference No:- TGS086379

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Formulate an lp to maximize the farmer revenue

Q : What their cost of goods sold and gross profit rate would be

Q : Implementing e-commerce

Q : Is there a recall on cruz for the the trunk latch

Q : Cash receipt was recorded as unearned fees

Q : Use of emotional intelligence concepts in work life

Q : At what amount will the building be recorded

Q : How to say with such a small sample size

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Cash receipt was recorded as unearned fees

Reference No:- TGS086379

Recent Questions Asked Accounting Basics

Q : Formulate an lp to maximize the farmer revenue

Q : What their cost of goods sold and gross profit rate would be

Q : Implementing e-commerce

Q : Is there a recall on cruz for the the trunk latch

Q : Cash receipt was recorded as unearned fees

Q : Use of emotional intelligence concepts in work life

Q : At what amount will the building be recorded

Q : How to say with such a small sample size

Q : Explicit service guarentee

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