Adjusting entries for unearned fees Instructions Chart of Accounts Journal Instructions x Journal The balance in the unearned fees account, before adjustment at the end of the year, is $33,930. Journalize the December 31 adjusting entry required if the amount of unearned fees at the end of the year is $12,400. Refer to the Chart of Accounts for exact wording of account titles. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $12,400. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Chart of Accounts 1 Adjusting Entries CHART OF ACCOUNTS 2 General Ledger 3 ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Prepaid Insurance 51 Advertising Expense 15 Land 52 Insurance Expense 16 Equipment 53 Rent Expense 17 Accumulated Depreciation-Equipment 54 Salary Expense 55 Supplies Expense LIABILITIES 56 Utilities Expense Rectangular Snip 21 Accounts Payable 57 Depreciation Expense 22 Unearned Fees 59 Miscellaneous Expense 23 Salaries Payable 24 Taxes Payable