on may 1,2009 abc received $1500 from abc for 18 months of advertising services. the cash...
on may 1,2009 abc received $1500 from abc for 18 months of advertising services. the cash receipt was recorded as unearned fees. as at dec 31, 2009 $1000 abc had earned fees of $1000 what is the dec 31 2009 adjusting entry
Homework Answers
Adjusting entry
| Date | account and explanation | debit | Credit |
| Dec 31 | Unearned fees | 1000 | |
| Fees earned | 1000 | ||
| (To record adjusting entry) |
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