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Journalize adjusting entries to adjust unearned fees account

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Problem - Adjusting entries for unearned and accrued fees

The balance in the unearned fees account, before adjustment at the end of the year, is $96,000. Of these fees, $78,500 have been earned. In addition, $23,600 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.

Reference no: EM132679860

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