Adjusting entries for unearned and accrued fees The balance in the unearned fees account, before adjustment at the end of the year, is $113,370. Of these fees, $70,290 have been earned. In addition, $13,600 of fees have been earned but have not been billed. a. Journalize the adjusting entry to adjust the unearned fees account. If an amount box does not require an entry, leave it blank. Unearned Fees Fees Earned Feedback Check My Work Consider the accounts involved in the recording of this transaction. 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. b. Journalize the adjusting entry to record the accrued fees. If an amount box does not require an entry, leave it blank. Accounts Receivable Fees Earned Feedback Check My Work 88