Adjusting entries for unearned and accrued fees OBJ. 2 The balance in the unearned fees account, before

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Adjusting entries for unearned and accrued fees OBJ. 2 The balance in the unearned fees account, before adjustment at the end of the year, is $97,770. Of these fees, $82,220 have been earned. In addition, $34,250 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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