ENTRY NO. 26–REIMBURSEMENTS COLLECTED IN ADVANCE - 10526

(Revised: 12/2021)

Purpose: This entry is made when reimbursements collected in advance are credited to the reimbursement accounts of the fiscal year to which they apply.

 

References: SAM sections 8210, 8453, and 10449

 

Record Reimbursements Collected in Advance

Debit/ Credit	Account	Legacy Account	Account Description	Note
Debit	2052000	3420	Unearned Reimbursements	a
Credit	48xxxxx	8100	Reimbursements	b

 

Note:

1. Amount in Unearned Reimbursement applied to fiscal year earned.
2. Amount of Reimbursements earned are applied.