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EX 3-16 Adjusting entries for unearned and accrued fees The balance in the unearned fees account, before adjustment at the end of the year, i

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EX 3-16 Adjusting entries for unearned and accrued fees The balance in the unearned fees account, before adjustment at the end of the year, i $97,770. Of these fees, $39,750 have been earned. In addition, $24,650 of fees have been earned but have not been billed. Journalize the adjusting entries (a) to adjust the unearned fees account and (b) to record the accrued fees

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