The balance in the unearned fees account, before adjustment at the end of the year, is $97,770. Of these fees, $39,750 have been earned. In addition, $24,650 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) For the amount earned and billed,

Debit Unearned fees  $39,750

Credit Service revenue   $39,750

b)To recognize the accrued or unbilled revenue that has been earned,

Debit Unbilled receivable  $24,650

Credit Service revenue       $24,650

Explanation:

When fees are collected in advance, the entries required are a debit to cash account and  a credit to unearned fees.

As the revenue is earned through the performance of the service, the entries required are debit to unearned fees and a credit to service fee.

When revenue is earned but unbilled, the entries required are

Debit Unbilled receivable

Credit Service revenue

i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself

answer; ///product strategy;