Journalize the december adjusting entries

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Question - The balance in the unearned fees account, before adjustment at the end of the year, is $96,470. Of these fees, $84,165 have been earned. In addition, $36,205 of fees have been earned but have not been billed. Journalize the December 31 adjusting entries (a) to adjust the unearned fees account and (b) to record the accrued fees. Refer to the Chart of Accounts for exact wording of account titles.

Reference no: EM133187076

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