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The balance in the unearned fees account, before adjustment at the end of the year, is $ 9 7 , 7 7 0 . Of

The balance in the unearned fees account, before adjustment at the end of the year, is $97,770. Of these fees, 39,750 have been earned. In addition, 24,650 of 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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