The balance in the unearned fees account, before adjustment at the end of the year, is $316,290.

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The balance in the unearned fees account, before adjustment at the end of the year, is $316,290. Journalize the adjusting entry (include an explanation) required if the amount of unearned fees at the end of the year is $220,240.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 05, 2021 04:25 AM

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The balance in the unearned fees account, before adjustment at the end of the year, is $316,290.

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As 316290 is unadjusted unearned fees but the yearend it is 220...View the full answer

Accounting

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