Journalize the adjusting entry to adjust the unearned fees, Ask an Expert

Accounting

The balance in the unearned fees account, before adjustment at the end of the year, is $96,740. Of these fees, $59,980 have been earned. In addition, $11,610 of fees have been earned but have not been billed.

a. Journalize the adjusting entry to adjust the unearned fees account.b. Journalize the adjusting entry to record the accrued fees.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408105

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