Journalize the adjusting entry to record the accrued fees, Financial Accounting

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Journalize the adjusting entry to record the accrued fees

Response to the following problem:

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 adjusting entry have been necessary? Explain.

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Financial Accounting: Journalize the adjusting entry to record the accrued fees

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Financial Accounting: Journalize the adjusting entry to record the accrued fees

Reference No:- TGS02086969

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