Book Show Me How Adjusting entry for accrued fees Instruction Chart of Accounts Journal Final Question Instructions At the end of the current year, 524,100 of tees have been earned but have not been billed to clients. Required: A Journalize the adjusting entry to record the accrued fees on December 31. Refer to the Chart of Accounts for exact wording of account fities 8. If the cash basis rather than the actual basis had been used, would an adjusting entry have been necessary? Instructions Chart of Accounts Journal Final Question Instructions Chart of Accounts AL CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Eamed 12 Accounts Receivable 13 Supplies 14 Prepaid insurance 15 Land 15 Equipment 17 Accumulated Depreciation Equipment EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Uits Expense 57 Depreciation Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Uneamed Fees 23 Series Payable 24 Tus Payable EQUITY 31 Common Stock 22 Rated Emmings 33 Dividends Check My Work All worse Journal A Journalize the adjusting entry to record the scened hoes on December 31. Bodor to the Chart of Accounts for exact wording of account illos, PAGE 1 JOURNAL ACCOUNTING EQUATION BATE POSTRES DEBIT CREDIT ASSETS LIABILITIES FOOTTY DESCRIPTION Adjusting Entries 2 Adjusting entry for accrued fees Instructions Chart of Accounts Journal Final Question Final Question B. If the cash basis rather than the accrual basis had been used would an adjusting enby have been necessary Yes No Check My Work All worse Adjusting entry for accrued fees Instructions Chart of Accounts Journal Final Question Journal A. Journalize the adjusting entry to record the accrued fees on December 31. Retor to the Chart of Accounts for exact wording of account tries. PAGET JOURNAL ACCOUNTING EQUATION CATE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY DESCRIPTION Adjusting Entries . 2 5 Adjusting entry for accrued fees Instructions Chart of Accounts Journal Final Question Instructions At the end of the current yeur, $24,100 of tees have been earned but have not been bited to clients. Required: A. Journalize the acfuating eritry to record the accrued toes on December 31. Refer to tra Chart of Accounts for exact wording of account the B. If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary? estion it of Accounts General Ledger ASSETS REVENUE 41 Fees Eamed 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation Equipment 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 LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock Work All work saved. MacBook Air Final Question Chart of Accounts 12 Accounts Receivable 3. 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation Equipment EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expensen 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Uneared Fees 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends k My Work All work saved