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 / bankcredit unearned revenue
[Debit] Cash[Credit] Discount earning
debit cashcredit professional fee revenue
Debit cash / bankCredit interest income
debit cashcredit interest on investment
Bank Fees DR. Normal Expesnes Accrual Account Cr.
The journal entry to record director fees typically involves debiting an expense account and crediting a liability account. For example, if a company owes $1,000 in director fees, the entry would be: Debit "Director Fees Expense" for $1,000 and Credit "Accrued Liabilities" (or "Accounts Payable") for $1,000. This reflects the expense incurred and the obligation to pay the director. When the payment is made, the liability account would then be debited, and cash would be credited.
debit franchise feecredit cash /bank