Question
Asked Nov 29, 2019
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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 (include an explanation) to record the accrued fees.
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Expert Answer

Step 1

Adjusting entries:

Usually, adjusting entries are needed at the end of every accounting period so that financial statements of the company reveal the ac...

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