Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. On December 1, the firm received $7,100 as fees in advance and properly recorded the amount as Unearned Fees. An analysis shows 53,100 applies to services provided in December. View transaction list Journal entry worksheet Record adjusting entry for unearned fees. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. On
December 1, the firm received $7,100 as fees in advance and properly recorded the amount as Unearned Fees. An analysis shows th
$3,100 applies to services provided in December.
View transaction list
Journal entry worksheet
A
Record adjusting entry for unearned fees.
Note: Enter debits before credits.
Event
General Journal
Debit
Credit
1
Record entry
Clear entry
View general journal
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W
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Transcribed Image Text:Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. On December 1, the firm received $7,100 as fees in advance and properly recorded the amount as Unearned Fees. An analysis shows th $3,100 applies to services provided in December. View transaction list Journal entry worksheet A Record adjusting entry for unearned fees. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal < Prev 35 of 39 Next > MAY 7 W 10
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