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The balance in the unearned fees account, before adjustment at the end of the year, is $36,950. The year end is December 31. Journalize the
The balance in the unearned fees account, before adjustment at the end of the year, is $36,950. The year end is December 31.
Journalize the December 31 adjusting entry required if the amount of unearned fees at the end of the year is $14,440. Refer to the Chart of Accounts for exact wording of account titles.
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Financial Accounting IFRS
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
