On December 1,Simpson Marketing Company received $3,600 from a customer for a 2-month marketing plan to be completed January 31 of the following year.The cash receipt was recorded as unearned fees.The adjusting entry for the year ended December 31 would include:
A) a debit to Earned Fees for $3,600.
B) a debit to Unearned Fees for $1,800.
C) a credit to Unearned Fees for $1,800.
D) a debit to Earned Fees for $1,800.
E) a credit to Earned Fees for $3,600.
Correct Answer:
Verified
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