Business, 05.11.2019 00:31 heavenwagner
On may 1, sellers marketing company received $1,500 from franco marcelli for a marketing campaign effective from may 1 this year to april 30 of the following year. the cash receipt was recorded as unearned fees and at year-end on december 31, $1,000 of the fees had been earned. assuming adjustments are only made at year-end, the adjusting entry on december 31 would be: a. a debit to fees earned and a credit to cash for $1,000. b. a debit to fees earned and a credit to cash for $500. c. a debit to unearned fees and a credit to cash for $500. d. a debit to fees earned and a credit to unearned fees for $500. e. a debit to unearned fees and a credit to fees earned for $1,000.
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On may 1, sellers marketing company received $1,500 from franco marcelli for a marketing campaign ef...
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