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At the end of the current year, $ 1 0 , 2 4 0 of fees have been earned but have not been billed to

At the end of the current year, $10,240 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.
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b. If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?

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