Business, 18.06.2020 01:57 glydelxc2780

At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. Required: A. Journalize the adjusting entry to record the accrued fees on December 31. Refer to the Chart of Accounts for exact wording of account titles. B. If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?

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At the end of the current year, $59,500 of fees have been earned but have not been billed to clients...

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