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The amount reported as fees earned would be the amount of cash received from customers during the reporting period if the reporting entity is operating under the cash basis of accounting. So that makes it a credit. Disclosure Of Fees Earned By Mortgage Broker The banks acted essentially as midd…

Five accounting adjusting journal entries will be considered below. The adjusting entries are recorded in order to make adjustments required under the accrual basis of accounting. Adjusting Entries Types Example How To Record Explanation Adjusting entries are journal entries recorded at the end…