Question
At the end of the current year, $18,540 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to
At the end of the current year, $18,540 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 the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
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Journalize the adjusting entry at the end of the year (December 31), to record the accrued fees. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
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