The balance in the unearned fees account, before adjustment at the end of the year, is $97,770.
Question:
The balance in the unearned fees account, before adjustment at the end of the year, is $97,770. Of these fees, $82,220 have been earned. In addition, $34,250 of fees have been earned but have not been billed. Journalize the adjusting entries
(a) To adjust the unearned fees account
(b) To record the accrued fees.
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a Unearned Fees 82220 Fees ...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
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