Question: EX 3-10 Adjusting entry for accrued fees OBJ. 2 At the end of the current year, $22,650 of fees have been earned but have not

EX 3-10 Adjusting entry for accrued fees OBJ. 2 At the end of the current year, $22,650 of fees have been earned but have not been billed to clients. 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 ad- justing entry have been necessary? Explain

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