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During the year, AueSum Accounting Services clients paid $15,000 in advance fees for accounting services. $3,500 of these fees is outstanding at year end. Record

During the year, AueSum Accounting Services’ clients paid $15,000 in advance fees for accounting services. $3,500 of these fees is outstanding at year end. Record the adjusting entry to bring the account up to date.

Dec. 31

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