At the end of the current year, $8,140 of fees have been earned but have not been
Question:
(a) Journalize the adjusting entry to record the accrued fees.
(b) If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary? Explain.
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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