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At the end of the accounting period, the Service Fees revenue account has a normal balance of $14,500. The bookkeeper makes two adjustments: one to
At the end of the accounting period, the Service Fees revenue account has a normal balance of $14,500. The bookkeeper makes two adjustments: one to accrue unbilled service fees revenue of $200. and another to reduce the Unearned Service Fees liability account by $750 (to reflect the portion of fees received in advance that has been earned). After the adjustments are posted, the Service Fees revenue account has a balance of: $15,050 $15,250 $13,950 $13,550 %$15,450
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