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What is the journal entry for fees earned?
Debit cash / bank / accounts receivableCredit fee income
What is the journal entry for revenue received from professional fees?
cash a/c debit fees a/c credit
How do you record a journal entry for a insufficient funds charge?
To record a journal entry for an insufficient funds charge, you would typically debit the bank fees expense account to reflect the cost incurred and credit the cash account to decrease the cash balance. For example, if the charge is $35, the entry would be: Debit Bank Fees Expense $35 and Credit Cash $35. This accurately reflects the expense and the reduction in cash due to the insufficient funds charge.
What is the journal entry for advisory fees?
To record advisory fees, the journal entry typically involves debiting an expense account and crediting a liability or cash account, depending on whether the fees are paid immediately or will be paid later. For example, if the advisory fees are paid in cash, the entry would be: Debit: Advisory Fees Expense Credit: Cash If the fees are to be paid later, the entry would be: Debit: Advisory Fees Expense Credit: Accounts Payable
What is the journal entry of fees received?
Fees A/c Dr. To Cash A/c Cr.
What is the accounting journal entry for directors fees?
DR DIRCTOR FEES CR Bank / ACCRUALS
What is the journal entry for fees earned?
Debit cash / bank / accounts receivableCredit fee income
What is the journal entry to record franchise fees?
debit franchise feecredit cash /bank
What is the accounting journal entry to record stamp duty and fees imposed on the purchase of land?
Dr Land & Property Cr Bank
What is the journal entry for revenue received from professional fees?
cash a/c debit fees a/c credit
How do you record a journal entry for a insufficient funds charge?
To record a journal entry for an insufficient funds charge, you would typically debit the bank fees expense account to reflect the cost incurred and credit the cash account to decrease the cash balance. For example, if the charge is $35, the entry would be: Debit Bank Fees Expense $35 and Credit Cash $35. This accurately reflects the expense and the reduction in cash due to the insufficient funds charge.
What is the journal entry for advisory fees?
To record advisory fees, the journal entry typically involves debiting an expense account and crediting a liability or cash account, depending on whether the fees are paid immediately or will be paid later. For example, if the advisory fees are paid in cash, the entry would be: Debit: Advisory Fees Expense Credit: Cash If the fees are to be paid later, the entry would be: Debit: Advisory Fees Expense Credit: Accounts Payable
What is the journal entry of fees received?
Fees A/c Dr. To Cash A/c Cr.
What is the journal entry to record collected fees?
Debit cash / bankCredit fee income
Journal entry for revenue received from professional fees?
debit cashcredit professional fee revenue
What is the director fees journal entry?
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.
What is the accounting journal entry to record loan fees amortized?
Debit: Deferred loan origination fees Credit: Interest income
