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Journalize the adjusting entries to adjust unearned fees

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Reference no: EM132748338

Problem - The balance in the unearned fees account, before adjustment at the end of the year, is $97,770. Of these fees, $39,750 have been earned. In addition, $24,650 of fees have been earned but have not been billed. Journalize the adjusting entries (a) to adjust the unearned fees account (b) to record the accrued fees.

Reference no: EM132748338

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