Question: 3. During the current year ended December 31, clients paid fees in advance for accounting services amounting to $25,000. These fees were recorded in

3. During the current year ended December 31, clients paid fees in

3. During the current year ended December 31, clients paid fees in advance for accounting services amounting to $25,000. These fees were recorded in an account called Unearned Accounting Fees. If $3,500 of these fees remained unearned on December 31 of this year, present the December 31 adjusting entry to bring the accounts up to date. Problem 3 Date Account / explanation PR Debit Credit Dec. 31

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