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The balance in the unearned fees account, before adjustment at the end of the year, is $123,430. Of these fees, $76,525 have been earned. In addition, $14,810 of fees have been earned but have not been billed.

a.Journalize the adjusting entry to adjust the unearned fees account.

Unearned Fees

(blank)

b.Journalize the adjusting entry to record the accrued fees.

Accounts Receivable

Fees Earned

Posted Date: Jun 22, 2024 07:12 PM

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