Question

The balance in the unearned fees account, before adjustment at the end of the year, is $112,000. Of these fees, $71,600 have been earned. In addition, $47,400 of fees have been earned but have not been billed. Journalize the adjusting entries
(a) To adjust the unearned fees account
(b) To record the accrued fees.



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  • CreatedFebruary 28, 2014
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