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On December 31, the end of the current year, $10,000 of fees have been eamed but have not been billed to clients. What account
On December 31, the end of the current year, $10,000 of fees have been eamed but have not been billed to clients. What account should be debited in the journal (1) and for what amount to record the adjusting entry for fees earned based on this information? DATE JOURNAL DESCRIPTION Adjusting Entries 12/31 (1) (2) Cash $10,000. P.REF. Page 25 DEBIT CREDIT
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584
