Question: You are responsible for preparing all of the journal entries

You are responsible for preparing all of the journal entries for Regional Financial Services. You have correctly prepared the following entry for financial services provided on December 15:
Dec. 15 Cash ....... 10,000
Fees Earned ....... 10,000
Your boss has asked you to change the date from December 15 to January 15 so that the business’s profit, and thus taxes, would be lower. Are you allowed to do this? What is your response to your boss? How should you handle this situation?


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  • CreatedOctober 21, 2014
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