FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:**Scenario: Adjusting Journal Entry for Accrued Fees**
At the end of the current year, fees of $6,850 have been earned but have not been billed to clients. Journalize the adjusting entry for the accrued fees. If an amount box does not require an entry, leave it blank.
**Instructions:**
1. Use the dropdown menus to select the appropriate accounts.
2. Enter the corresponding amounts in the boxes provided.
3. Leave any unnecessary amount boxes blank.
(Note: The dropdowns and amount boxes are part of an interactive exercise to practice journalizing entries in accounting.)
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