Required infomationJournal entry worksheet21564On November 1, WTI agreed to do a special six-month course (startingimmediately) for a client. The contract calls for a monthly fee of $2,600, andthe client paid the first five months' fees in advance. When the cash wasreceived, the Unearned Training Fees account was credited. The fee for thesixth month will he reconded when it is collected in 2018.Note: Enter debits before credits.General JournalCreditTransactionDebite.of 31 2 3Prev

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Asked Sep 17, 2019
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Required infomation
Journal entry worksheet
2
1
5
6
4
On November 1, WTI agreed to do a special six-month course (starting
immediately) for a client. The contract calls for a monthly fee of $2,600, and
the client paid the first five months' fees in advance. When the cash was
received, the Unearned Training Fees account was credited. The fee for the
sixth month will he reconded when it is collected in 2018.
Note: Enter debits before credits.
General Journal
Credit
Transaction
Debit
e.
of 3
1 2 3
Prev
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Required infomation Journal entry worksheet 2 1 5 6 4 On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,600, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will he reconded when it is collected in 2018. Note: Enter debits before credits. General Journal Credit Transaction Debit e. of 3 1 2 3 Prev

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Step 1
Unearned reuenue
sepresents the income that a
company
Aeceves in aduance uthout froviding any seruice, As
Company Yeuvs this amaunt uithout providing goods
On reupt of thi
tiakiiry
deruis, it reated as a
euenue, Cash i debi tead and uneauned euenua is
wredited and when the uces
provided
are
unearned reuenue is debitedd and arned reuenu
Ccredikd
help_outline

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Unearned reuenue sepresents the income that a company Aeceves in aduance uthout froviding any seruice, As Company Yeuvs this amaunt uithout providing goods On reupt of thi tiakiiry deruis, it reated as a euenue, Cash i debi tead and uneauned euenua is wredited and when the uces provided are unearned reuenue is debitedd and arned reuenu Ccredikd

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