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At the end of the current year 12300 of fees have been

At the end of the current year, $12,300 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 adjusting entry have been necessary? Explain.

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Managerial Accounting: At the end of the current year 12300 of fees have been

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Managerial Accounting: At the end of the current year 12300 of fees have been

Reference No:- TGS0788076

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