(Answered) The balance in the unearned fees account before adjustment

Accounting

The balance in the unearned fees account, before adjustment at the end of the year, is $36,950. The year end is December 31.

Journalize the December 31 adjusting entry required if the amount of unearned fees at the end of the year is $14,440. Refer to the Chart of Accounts for exact wording of account titles.

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