The balance in the unearned fees account, before adjustment at the end of the year, is $112,000.
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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a Unearned Fees 71600 Fees Ea...View the full answer
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Related Book For 
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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