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Fees earned credit or debit

WebApr 12, 2024 · Instead of orderbooks it uses liquidity pools to conduct swaps. Users receive Liquidity Pool tokens and users can redeem them for assets supplied and fees earned when liquidating them. We list the top 4 exchanges that offer the ability to Buy BakerySwap (BAKE) cryptocurrency with a credit card, debit card, or Bitcoin (BTC). WebJan 29, 2024 · Debit Account receivable. Credit Sales account. Being entries to recognize credit sales. On receipt of cash from the client, the following entries are recorded; Debit Cash account. Credit Account receivable. Being entries to recognize cash received from the client. Hence the right option is c.Cash, debit; Accounts Receivable, credit

What Is Fees Earned? (with picture) - Smart Capital Mind

WebExpert Answer. A. cash (debit); receivables (credit)Explanation: The following entry will ap …. Which of the following entries records the receipt of cash from clients on account? a. … WebCredit where credit is due From debit cards to mobile apps to electronic bank transfers, consumers today are accustomed to using a variety of convenient payment methods. Your clients will expect the same hassle-free options when it’s time to pay their fees. But lawyers accepting credit cards, wire transfers, and ACH transactions must be mindful of the … max flow hydraulic hose https://alfa-rays.com

Which of the following entries records the receipt of cash from ...

WebThe journal entry to record fees of $13,500 earned on account would include. a.a debit to Accounts Receivable for $13,500 and a credit to Fees Earned for $13,500. b.a debit to Cash for $13,500 and a credit to Fees Earned for $13,500. c.a debit to Cash for $13,500 and a credit to Accounts Receivable for $13,500. d.a debit to Fees Earned for ... WebThe new system has a useful life of 8 years and is projected to produce cash operating savings of$225,000 per year over the old system (reducing labor costs and costs of … WebWhich of the following entries records the collection of cash from cash customers? Question 9 options: Fees Earned, debit; Accounts Receivable, credit Accounts Receivable, … max flow lower bound

Fees earned definition — AccountingTools

Category:State for each account whether it is likely to - Brainly.com

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Fees earned credit or debit

2.5: Adjusting Entries—Accruals - Business LibreTexts

WebJul 20, 2024 · answered • expert verified. State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or (c) both debit and credit entries when recording business transactions during the month. Also, indicate the normal balance of each account. 1. Fees Earned , normal balance 2. WebAccounts Receivable, debit; Fees Earned, credit 32. Prarie Clinic purchased X-ray equipment for $4,000, paid $1,275 down, with the remainder to be paid later. The correct entry would be a. Equipment …

Fees earned credit or debit

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WebOct 2, 2024 · Fees Earned; Date. Item. Debit. Credit. Debit. Credit. 6/1. 600. 600. OR. Method #2: A customer prepays a company $1,000 for a job that the company will … WebWhich of the following entries records the collection of cash from cash customers? Question 9 options: Fees Earned, debit; Accounts Receivable, credit Accounts Receivable, debit; Fees Earned, credit Fees Earned, debit; Cash credit Cash, debit; Fees Earned, credit

WebStudy with Quizlet and memorize flashcards containing terms like Identify the normal balance (debit or credit) for each of the following accounts. a) Fees Earned (Revenues) …

WebMar 2, 2024 · Fees earned is an accounting category that appears in the revenue section of an income statement. It reflects revenue earned through the delivery of services during … WebAccounts Receivable, debit; Fees Earned, credit. c. Accounts Receivable, debit; Cash, credit. d. Cash, debit; Accounts Receivable, credit. Account receivable: Account receivable is an asset for the company. Account receivable shows the amount to be received by the company's customers after a specified period. Credit sales are represented by ...

WebPrepaid Insurance Fees Earned a) Issued capital stock for cash, $27,500 b) Paid rent on office for month, $2,500 c) Purchased office supplies for cash, $2,225 ... The debit and credit totals of the following trial balance are unequal as a result of the following errors. Prepare a corrected trial balance as of June 30 of the current year.

WebJan 2024 - Present5 years 4 months. Palm Springs, CA. Assisting businesses small and large get back 95% of the fees charged to those … hermitage constructionWebInstructions. 1. Enter the July 1, 2024, account balances in the appropriate balance column of a four-column account. Write Balance in the Item column, and place a check mark ( ) in the Posting Reference column.{Hint: Verify the equality of the debit and credit balances in the ledger before proceeding with the next instruction.) 2. Analyze and journalize each … max flow maintenance incWebMar 2, 2024 · Fees earned is an accounting category that appears in the revenue section of an income statement. It reflects revenue earned through the delivery of services during the time period indicated at the top of the statement. Are fees earned a debit or credit? Fees Earned is a CREDIT balance account. Therefore, it increase with a CREDIT and … maxflow medicine