Chart of Accounts Journal Final Question Instructions At the end of the current year, $24,550 of...

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Chart of Accounts Journal Final Question Instructions At the end of the current year, $24,550 of fees have been earned but have not been billed to clients. Required: A. Joumalize the adjusting entry to record the accrued fees on December 31. Refer to the Chart of Accounts for exact wording of account titles. B. If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary? Chart of Accounts Journal Final Question Instructions At the end of the current year, $24,550 of fees have been earned but have not been billed to clients. Required: A. Joumalize the adjusting entry to record the accrued fees on December 31. Refer to the Chart of Accounts for exact wording of account titles. B. If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?