Adjusting Entry for Accrued Fees At the end of the current year, $10,510 of fees have been earned but have not been billed to clients. a. Journalize the adjusting entry to record the accrued fees. Accounts Payable Accounts Receivable Cash b. Fees Earned er than the accrual basis had been used, would an adjusting entry have been necessary? Fees Expense Fees Payable Prepaid Fees Unearned Fees