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2. EX.03.06.ALGO 3. EX.03.09.ALGO 4. EX.03.11.BLANKSHEET.AL... 5. EX.03.14.ALGO The balance in the unearned fees account, before adjustment at the end of the year, is $33,060.
2. EX.03.06.ALGO 3. EX.03.09.ALGO 4. EX.03.11.BLANKSHEET.AL... 5. EX.03.14.ALGO The balance in the unearned fees account, before adjustment at the end of the year, is $33,060. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $14,875. If an amount box does not require an entry, leave it blank. Unearned Fees Fees Earned Feedback Check My Work 18,185 14,875 X Recall that unearned revenues are liabilities until they become earned revenues over time or during normal operations. Unearned fees decrease for the amount of the revenue that has been earned.
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