Match each journal entry that follows as one of the types of journal entries (a-c) below.
-Unearned Revenue 985
Fees Earned 985
A)Journal entries
B)Adjusting journal entries
C)Closing journal entries

Question

Match each journal entry that follows as one of the types of journal entries (a-c) below.
-​Unearned Revenue 985
Fees Earned 985
A)Journal entries
B)Adjusting journal entries
C)Closing journal entries

Quizplus · Accepted Answer

This is an example of an adjusting journal entry, where the unearned revenue account is being reduced and fees earned account is being increased at the end of an accounting period to reflect the revenue earned during that period.

Match Each Journal Entry That Follows as One of the Types