The balance in the unearned fees account, before adjustment at the end of the year, is $272,500.

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The balance in the unearned fees account, before adjustment at the end of the year, is $272,500. Journalize the adjusting entry required, assuming the amount of unearned fees at the end of the year is $189,750.

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Financial Accounting

ISBN: 978-1305088436

14th edition

Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac

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Question Posted: Dec 19, 2016 10:41 AM

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The balance in the unearned fees account, before adjustment at the end of the year, is $272,500.

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