Solved: The balance in the unearned fees account before adjustment, Accounting Basics

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The balance in the unearned fees account before adjustment

1. The balance in the unearned fees account, before adjustment at the end of the year, is $112, 790. Of these fees, $69,735 have been earned. In addition, $13, 200 of fees have been earned but have not been billed. Journalize the adjusting entries

(a) To adjust the unearned fees account and

(b) To Record the accrued fees

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Accounting Basics: The balance in the unearned fees account before adjustment

Reference No:- TGS01511817

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