debit cash
credit professional fee revenue
cash a/c debit fees a/c credit
[Debit] CashCredit Rent Received / Rent Revenue
[Debit] Cash / bank [Credit] Services revenue
Debit advance cash receivedCredit unearned revenue
debit cashcredit interest on investment
cash a/c debit fees a/c credit
[Debit] CashCredit Rent Received / Rent Revenue
Debit customer depositsCredit unearned revenue
[Debit] Cash / bank [Credit] Services revenue
Debit advance cash receivedCredit unearned revenue
debit cashcredit interest on investment
debit accounts receivablecredit services revenue
prepaid revenue is debited and revenue is credited
[Debit] Unearned revenue [Credit] Sales revenue
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
Accrued Revenue is a term that I rarely see, though it is an Asset and should be treated as such. Accrued Revenue would be treated similar to an Account Receivable. The Journal Entry would be a Debit to Accrued Revenue and a Credit to Revenue.
As it is a advance receipt the journal entry would be cash dr. to deferred revenue