In recording 250 fees earned on account during a single month, how many times will it be
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(a) If each transaction, including fees earned, is recorded individually in a two-column general journal;
(b) If each transaction for fees earned is recorded in a revenue journal?
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a In the general journal all the items recorded individually up to the numbers of how many times the transaction happened In the given scenario the fees earned 250 times in a single month that is the reason every transaction recorded separately in the general journal Fees recorded 250 times b No transaction of fees earned not recorded in ...View the full answer
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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