Adjustment for accrued revenues:

At the end of the current year, $26025 of fees have been earned but have not been billed to clients.

Journalize the adjusting entry to record the accrued fees. Refer to the Chart of Accounts for exact wording of account titles.

Chart of Accounts ASSETS CHART OF ACCOUNTS LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable General Ledger 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment REVENUE 41 Fees Earned EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense In Chart of Accounts A S ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends REVENUE 41 Fees Earned. EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense Journal Journalize the adjusting entry at the end of the year (December 31), to record the accrued fees. Refer to the Chart of Accounts for exact wording of account titles. 1 2 DATE DESCRIPTION Adjusting Entries JOURNAL POST. REF. DENT CREDIT PAGE 10 ACCOUNTING EQUATION ASSETS LIABILITIES EQUITY