Adjusting Entryfor Accrued Fees

At the end of the current year, $6,750 of fees have been earned but have not been billed to clients.

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a. Journalize the adjusting entry to record the accrued fees. If an amount box does not require an entry, leave it blank.

blank	Accounts Payable Accounts Receivable Cash Fees Earned Fees Payable	- Select -	- Select -
	Accounts Payable Accounts Receivable Cash Fees Earned Fees Payable	- Select -	- Select -

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b. If thecash basisrather than the accrual basis had been used, would an adjusting entry have been necessary?

Yes No