=+EX 3-7 Adjusting entries for prepaid insurance obj. 2 The balance in the unearned fees account, before
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=+EX 3-7 Adjusting entries for prepaid insurance obj. 2 The balance in the unearned fees account, before adjustment at the end of the year, is
$38,375. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $17,200.
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