Accrued fees earned but not recorded at August 31 are $25,750. Which of the following is correct for the reversing entry on September 1? Please explain with full explanation. a. credit Unearned Fees for $25,750 b. debit Accounts Receivable for $25,750 c. debit Fees Earned for $25,750 d. credit Fees Earned for $25,750

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.