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Golddigger Services Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $84,000 for 6-months services in advance. Golddigger Services' general journal
Golddigger Services Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $84,000 for 6-months services in advance. Golddigger Services' general journal entry to record this transaction will include a: Debit to Unearned Management Fees for $84,000. Credit to Management Fees Earned for $84,000. Credit to Cash for $84,000. Credit to Unearned Management Fees for $84,000. Debit to Management Fees Earned for $84,000.
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