Question

The balance in the unearned fees account, before adjustment at the end of the year, is $96,000. Of these fees, $78,500 has been earned. In addition, $23,600 of fees has been earned but has not been billed. Journalize the adjusting entries
(a) To adjust the unearned fees account
(b) To record the accrued fees.


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  • CreatedSeptember 15, 2015
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