Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tube Blackboard B Rakuten Vilo s google classroom V LIVE Hulu Dramacool Everes eBook Show Me How Print Item Adjustment for accrued revenues Chart of

image text in transcribed
image text in transcribed
image text in transcribed
Tube Blackboard B Rakuten Vilo s google classroom V LIVE Hulu Dramacool Everes eBook Show Me How Print Item Adjustment for accrued revenues Chart of Accounts Journal Instructions At the end of the current year, 536, 920 of fees have been earned but have not been billed to clients. Journalize the adusting entry to record the accrued fees. Refer to the chart of accounts for the exact wording of the account tes CNOW pumals do not use ines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOW journals will automatically indent a credt entry when a credit amount is entered Adjustment for accrued revenues Instructions Journal Chart of Accounts x ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable EXPENSES 13 Supplies 14 Prepaid Insurance 51 Advertising Expense 52 insurance Expense 15 Land 53 Rent Expense 16 Equipment 17 Accumulated Depreciation Equipment 54 Salary Expense 55 Supplies Expense 56 Utilities Expense LIABILITIES 57 Depreciation Expense 21 Accounts Payable 59 Miscellaneous Expense 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable Dramacool Everskies Book Show Me How Print item Print Item Journal Journalize the adjusting entry at the end of the year (December 31), to record the accrued fees. Refer to the chart of accounts for the exact wording of the account ftes CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries CNOW Murnals will automatically indent a credit entry when a credit amount is entered PAGE 10 ACCOUNTING EQUATION JOURNAL LIABILITIES EQUITY DESIT POST REF CREDIT DATE DESCRIPTION Adjusting Entries 3)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

10th edition

78025621, 978-0078025624