Answer to Question #47161 in Finance for Felisia Fitri Anita
$112, 790. Of these fees, $69,735 have been earned. In addition, $13, 200 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.
(a) The adjusted unearned fees account will be: 112,790 + 69,735 + 13,200 = $195,725.
(b) The records of the accrued fees will be:
Fees earned 69,735
Fees Payable 13,200
Ending balance 195,725
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