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The balance in the unearned fees account, before adjustment at the end of the year, is $258,650. Journalize the adjusting entry required at the end

The balance in the unearned fees account, before adjustment at the end of the year, is $258,650.

Journalize the adjusting entry required at the end of the year (December 31), assuming the amount of unearned fees at the end of the year is $175,550. Refer to the Chart of Accounts for exact wording of account titles.

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