The balance in the unearned fees account, before adjustment at the end of the year, is $33,930. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $12,400. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable EXPENSES 13 Supplies 51 Advertising Expense 14 Prepaid Insurance 52 Insurance Expense 15 Land 53 Rent Expense 16 Equipment 54 Salary Expense 17 Accumulated Depreciation-Equipment 55 Supplies Expense 56 Utilities Expense LIABILITIES 21 Accounts Payable 57 Depreciation Expense 59 Miscellaneous Expense 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Journalize the December 31 adjusting entry required if the amount of unearned fees at the end of the year is $12,400. Refer to the Chart of Accounts for exact wording of account titles. PAGE ACCOUNTING EQUATION JOURNAL POST. REF DATE DESCRIPTION DEBIT CREDIT ASSETS LIABILITIES EQUITY Adjusting Entries 1 2