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Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. During December, the firm received
Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. During December, the firm received $6,100 as fees in advance and properly recorded the amount as Unearned Fees. An analysis shows that $2,100 applies to services provided in December.
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