Adjustment for Unearned Revenue The balance in the unearned fees account, before adjustment at the end of the year, is $272,500. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $189,750. Adjustment for Prepaid Expense The supplies account had a beginning balance of $3,375 and was debited for $6,450 for supplies purchased during the year. Journalize the adjusting entry required at the end of the year, assuming the amount of supplies on hand is $2,980