The balance in the unearned fees account, before adjustment at the end of the year, is $95,500. Of these fees, $82,760 have been earned. In addition, $32,640 of fees have been earned but have not been billed. Journalize the December 31 adjusting entries (a) to adjust the unearned fees account and (b) to record the accrued fees. Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTS General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends REVENUE 41 Fees Earned EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense

Chapter 3 Homework Print Item eBook Show Me How Calculator Joumal (a) Journalize the December 31 acjustingg entry to acjust the unearmed fees account. Refer to the Chart of Accounts for exact wording of account ities PAGE 10 JOURNAL ACCOUNTING EQUATION DATE POST. REF CREDIT ASSETSLIABILITIESEQUITY Adjusting Entries b) Journalize the December 31 acjusting entry to record the accrueo tees. Refer to me Chart of Accouns for exact wording of account nes PAGE 10 JOURNAL ACCOUNTING EQUATION DATE POST. REF DEBIT CREDIT ASSETS LIABILITIESEQUITY Adjusting Entries