The balance in the unearned fees account before adjustment


The balance in the unearned fees account, before adjustment at the end of the year, is $112,000. Of these fees, $71,600 have been earned. In addition, $47,400 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:- TGS0776936

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