The balance in the unearned fees account before adjustment at 127322
The balance in the unearned fees account, before adjustment at the end of the year, is $39,750. Of these fees, $12,300 have been earned. In addition, $7,100 of fees have been earned but have not been billed. Journalize the adjusting entries
(a) To adjust the unearned fees account and
(b) To record the accrued fees.

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