The balance in the unearned fees account, before adjustment at the end of the year, is $27,600.

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The balance in the unearned fees account, before adjustment at the end of the year, is $27,600. Of these fees, $8,100 have been earned. In addition, $6,450 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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Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

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Question Posted: Nov 20, 2012 02:01 AM

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The balance in the unearned fees account, before adjustment at the end of the year, is $27,600.

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