Debit cash / bank / accounts receivable
Credit fee income
cash a/c debit fees a/c credit
Fees A/c Dr. To Cash A/c Cr.
debit cash / bankcredit unearned revenue
debit cashcredit professional fee revenue
Debit cash / bankCredit interest income
DR DIRCTOR FEES CR Bank / ACCRUALS
cash a/c debit fees a/c credit
Fees A/c Dr. To Cash A/c Cr.
Debit cash / bankCredit fee income
[Debit] Cash[Credit] Discount earning
debit cash / bankcredit unearned revenue
debit cashcredit professional fee revenue
Debit cash / bankCredit interest income
debit cashcredit interest on investment
Bank Fees DR. Normal Expesnes Accrual Account Cr.
debit franchise feecredit cash /bank
Compound journal entry is that entry which records more than one business transaction in one single journal entry.