The following adjusting journal entry does not include an explanation. Select the best explanation for the entry.
A) Record payment of fees earned.
B) Record fees earned at the end of the month.
C) Record fees that have not been earned at the end of the month.
D) Record the payment of fees to be earned.

Question

The following adjusting journal entry does not include an explanation. Select the best explanation for the entry. 
A) Record payment of fees earned. 
B) Record fees earned at the end of the month. 
C) Record fees that have not been earned at the end of the month. 
D) Record the payment of fees to be earned.

Quizplus · Accepted Answer

The Answer of The following adjusting journal entry does not include an explanation. Select the best explanation for the entry. 
A) Record payment of fees earned. 
B) Record fees earned at the end of the month. 
C) Record fees that have not been earned at the end of the month. 
D) Record the payment of fees to be earned.

The Following Adjusting Journal Entry Does Not Include an Explanation