The balance in the unearned fees account, before adjustment at the end of the year, is ($7,000).
Question:
The balance in the unearned fees account, before adjustment at the end of the year, is \($7,000\).
a. Determine the amount of adjustment if the amount of unearned fees at the end of the year is \($1,500\).
b. What accounts should be increased or decreased to record the adjustment?
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a To determine the amount of adjustment needed we need to find t...View the full answer
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