Adjusting entries for unearned and accrued fees Obj. 2, 3 The balance in the unearned fees account, before adjustment at the end of the year, is $97,770.

Of these fees, $39,750 have been earned. In addition, $24,650 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.

AppendixLO1