WebOct 9, 2024 · Is fees earned debit or credit? Fees Earned is a CREDIT balance account. Therefore, it increase with a CREDIT and decreases with a DEBIT. What are fees … WebAccount Types - principlesofaccounting.com. Chapters 1-4 The Accounting Cycle. Chapters 5-8 Current Assets. Chapters 9-11 Long-Term Assets. Chapters 12-14 Liabilities/Equities. Chapters 15-16 Using Information. Chapters 17-20 Managerial/Cost. Chapters 21-24 Budgeting/Decisions.
Normal Balance of Accounts Double Entry …
WebJun 24, 2024 · Un-earned Fees $3,900 (credit) c. Depreciation $3,000 (debit) Accumulated Depreciation $3,000 (credit) d. Wages Expenses $2,475 (debit) Wages Accrued $2,475 (credit) e. Unearned Fees $14,140 (debit) Fees Earned $14,140 (credit) Required 2. Fees Earned 305,800 Less Expenses : Wages Expense (157,800) Rent Expense (55,000 ) … WebWhenever cash is received, debit Cash. Whenever cash is paid out, credit Cash. With the knowledge of what happens to the Cash account, the journal entry to record the debits … moncton music show
Solved To close the Fees Earned account: O A. debit Capital
WebMar 2, 2024 · Fees earned is an accounting category that appears in the revenue section of an income statement. It reflects revenue earned through the delivery of services during … WebDebit Accounts Receivable; credit Fees Earned Which of the following entries records the collection of cash from cash customers? a. fees earned debit. accounts receivable credit b.... WebJan 4, 2024 · An adjusting journal entry is usually made at the end of an accounting period to recognize an income or expense in the period that it is incurred. It is a result of accrual accounting and follows the matching and … ibps clerk form last date 2022