Instructions (a) On December 1, $11,650 was received for a service contract to be performed from December 1 through A pril 30. (b) Assuming the work is performed evenly throughout the contract period, prepare the adjusting journal entry on December 31. Required I entries for the above transactions. Refer to the Chart of Accounts for exact wording of account titles O Type here to search Instruction Chart of Accounts General Journal Instruction The balance in the unearned fees account, before adjustment at the end of the year, is $12,120. Required: Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $7,880. Refer to the Chart of Accounts for exact wording of account titles. 0 Type here to search