Asked by
Blake Rogers
on Nov 15, 2024
Verified
The general journal entry to record the earning of revenue would most commonly include:
A) a debit to Accounts Receivable and a credit to Capital.
B) a debit to Cash and a credit to Capital.
C) a debit to Fees Earned and a credit to Cash.
D) a debit to Accounts Receivable and a credit to Fees Earned.
Fees Earned
Income received or earned for services provided.
Revenue
The entirety of income that a company earns from the transactions tied to its fundamental operational services or product sales.
- Ascertain correct journal records for diverse financial transactions, including but not limited to investments, withdrawals, and acquisitions.
Verified Answer
JA
Learning Objectives
- Ascertain correct journal records for diverse financial transactions, including but not limited to investments, withdrawals, and acquisitions.