Question
Adjusting Entry for Accrued Fees At the end of the current year, $8,380 of fees have been earned but have not been billed to clients.
Adjusting Entry for Accrued Fees
At the end of the current year, $8,380 of fees have been earned but have not been billed to clients.
a. Journalize the adjusting entry to record the accrued fees.
b. If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?
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Cost Accounting Foundations And Evolutions
Authors: Amie Dragoo, Michael Kinney, Cecily Raiborn
10th Edition
1618533533, 9781618533531
