The balance in the unearned fees account, before adjustment at the end of the year, is $18,000.
Question:
The balance in the unearned fees account, before adjustment at the end of the year, is $18,000. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $3,600.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Unearned Fee...View the full answer
Answered By
Jonas Araujo
I have recently received the degree of PhD. In Physics by the Universidade Federal do Maranhão after spending a term in Durham University, as I have been awarded a scholarship from a Brazilian mobility program. During my PhD. I have performed research mainly in Theoretical Physics and published works in distinguished Journals (check my ORCID: https://orcid.org/0000-0002-4324-1184).
During my BSc. I have been awarded a scholarship to study for a year in the University of Evansville, where I have worked in detection-analysis of photon correlations in the the Photonics Laboratory. There I was a tutor in Electromagnetism, Classical Mechanics and Calculus for most of that year (2012).
I am very dedicated, honest and a fast learner, but most of all, I value a job well done.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The balance in the unearned fees account, before adjustment at the end of the year, is $38,375. a. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is...
-
The balance in the unearned fees account, before adjustment at the end of the year, is $23,676. Journalize the adjusting entry required assuming the amount of unearned fees at the end of the year is...
-
The balance in the unearned fees account, before adjustment at the end of the year, is $49,500. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is...
-
Maynard Appliances is holding a Fifty- Fifty Sale. Major appliances may be purchased for nothing down and no interest to pay if the customer pays 50% of the purchase price in six months and the...
-
Why did ecologists want to reintroduce wolves to Yellowstone Park? What goals did they have, and have their goals been achieved?
-
Robert Arias recently inherited a stock portfolio from his uncle. Wishing to learn more about the companies in which he is now invested, Robert performs a ratio analysis on each one and decides to...
-
For each of the following situations, calculate the degrees of freedom \((d f)\), identify the critical values (assume \(\mathrm{a}=.05\) [two-tailed]), calculate the standard error of the mean \(s\)...
-
Central Ski and Cycle purchased 50 pairs of ski boots for $360 per pair less 33 % and 10%. The regular rate of markup on selling price of the boots is 40%. The stores overhead is 22% of the selling...
-
In what category does the following question best fit? What drinks does Dunkin sell?
-
You are planning to switch your cell phone provider. The Cellular worksheet presents three options for a cell phone plan with the new company. You could choose a pay-as-you-go plan, a traditional...
-
The balance in the supplies account, before adjustment at the end of the year, is $5,175. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $615.
-
For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance...
-
What is the purpose of damages in tort?
-
What is the difference between malloc() and calloc() dynamic memory management functions?
-
What are the major differences between the linked list and linear array?
-
How does choice expand power and freedom?
-
Explain the generic pointer with a suitable example.
-
Talk about the difference between giving advice and coaching. a. How often do leaders blurt out the answer instead of asking questions? b. When is it difficult to just listen? c. How do you redirect...
-
(a) Find the solution to the system that has initial conditions x(0) = 1, y(0) = 0. (b) Sketch a phase portrait of the system that shows several typical solution trajectories, including the solution...
-
Horse serum containing specific antibody to snake venom has been a successful approach to treating snakebite in humans. How do you think this anti-venom could be generated? What are some advantages...
-
What is a biological asset?
-
What is the most significant IFRS departure from U.S. GAAP for valuing property, plant, and equipment?
-
What is a share premium?
-
Tim Drinking, Inc. used a predetermined overhead allocation rate to allocate of indirect costs to the Filling Department and the Packaging Department journal entry to record the allocation of...
-
What are the key principles of management, and how do they contribute to effective organizational practices?
-
Discuss the impact of globalization on small businesses in developing countries. Analyze the advantages and disadvantages of globalization for small businesses, and provide recommendations for...
Study smarter with the SolutionInn App