What adjusting entry on december 31 year 1 should include


on may 1 2007 giltus advertising company received 1500 from julie bee for advertising services to be completed april 30 2008. the cash receipt was recorded as unearned fees and at december 31, 2007, 1000 of the fees had been earned. what the adjusting entry on december 31 year 1 should include ?

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Accounting Basics: What adjusting entry on december 31 year 1 should include
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