Sunday, 24 July 2016

At the end of the current year, $17,555 of fees have been earned but have not been billed to clients

At the end of the current year, $17,555 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees.


Answer:

Accounts Receivable 17,555
Fees Earned 17,555
Accrued fees.

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