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Select the best explanation for the following adjusting entry: Unearned Revenue 7 , 5 0 0 Fees Earned 7 , 5 0 0 ? ?
Select the best explanation for the following adjusting entry:
Unearned Revenue
Fees Earned
a To record fees that have not been earned at the end of the month.
b To record payment of fees to be earned.
c To record payment of fees earned.
d To record fees earned at the end of the month.
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