The balance in the unearned fees account, before adjustment at the end of the year, is $316,290.

Question:

The balance in the unearned fees account, before adjustment at the end of the year, is $316,290. Journalize the adjusting entry (include an explanation) required if the amount of unearned fees at the end of the year is $220,240.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

See More Books

Question Posted: Apr 05, 2021 04:25 AM

See More Questions

The balance in the unearned fees account, before adjustment at the end of the year, is $38,375. a. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is...
The balance in the unearned fees account, before adjustment at the end of the year, is $49,500. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is...
The balance in the unearned fees account, before adjustment at the end of the year, is $18,000. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $3,600?
The following information is available for Marigold's Hot Dogs: Actual production Budgeted production Standard direct labor hours Actual direct labor hours Standard variable overhead rate Actual...
What is the convergence in feet of meridians for the following conditions: (a) 24 mi apart, extended 24 mi, at mean latitude 45(20( N. (b) 24 mi apart, extended 24 mi, at mean latitude 34(25( N.
Question 10 (5 points) Listen The accountant for Milton, Inc. is preparing the budgets for operating department support service costs. Maintenance costs are allocated based on square feet, and...
Think about a job or a volunteer role where your hygiene needs were not met. What was the effect of this on your level of motivation?(p. 93)
Using the information from C4-2 and assuming that the beginning budgetary and GAAP fund balance is $1,952,667, prepare the Statement of Revenues, Expenditures, and Changes in Fund BalanceBudget and...
a company uses up $ 5 0 0 0 of the book value of an existing asset. the company adjust its accounts accordingly. which of the fois a true statement
Many small-business owners have a difficult time finding financing to start or expand their business. The Small Business Administration is one potential source of financing for many types of small...
The following income statement data for AT&T Inc. and Verizon Communications Inc. were taken from their recent annual reports (in millions): a. Prepare a vertical analysis of the income statement for...
The following data are taken from recent financial statement of Nike, Inc. (in millions): a. Determine the amount of change (in millions) and percent of change in net income from Year 1 to Year 2....
Assume the cache contents of Figure 4.37 and the timing of Implementation 1 in Figure 4.38. What are the total stall cycles for the following code sequences with both the base protocol and the new...
1. What gives stainless steels their good corrosion resistant properties? 2. Which stainless steel is the lowest cost and why? 3. What are some characteristics of Nickel Alloys? 4. What are the 2...
Problem 4. Determine the motion of a two-dimensional linear oscillator of potential energy V = kr
5 Informatics solutions in the "complex and catastrophic" end of the population-risk spectrum must support which type of services/functions? 1 point Intensive case management Wellness program
What are the characteristics of products that Otis Trains produces? What are order qualifiers and winners? Explain at least three advantages and three drawbacks of offshoring to JLPTC. What risks are...
Find the angle and length of the resulting vector for the given d and e vectors by the analytical method. After that, find the parameters of the resulting vector for the three vectors. In the answer,...
Identify the important dates for the distribution of a cash dividend.
Representative data read from a plot that appeared in the paper Effect of Cattle Treading on Erosion from Hill Pasture: Modeling Concepts and Analysis of Rainfall Simulator Data (Australian Journal...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total...
Mrquered Mrquered
You plan to invest $10,00 today in an investment account earning 5% interest. You then plan to invest an additional $1,000 into this account each year for the next twenty years. How much money will...

The balance in the unearned fees account, before adjustment at the end of the year, is $316,290.

Question:

Step by Step Answer:

As 316290 is unadjusted unearned fees but the yearend it is 220...View the full answer

Accounting

Students also viewed these Business questions