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The balance in the unearned fees account, before adjustment at the end of the year, is $95,000. Of these fees, $40,000 have been earned. In
The balance in the unearned fees account, before adjustment at the end of the year, is $95,000. Of these fees, $40,000 have been earned. In addition, $8,000of fees have been earned but have not been billed. Journalize the adjusting entries a) to adjust the unearned fees account and b) to record the accrued fees.
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