FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The balance in the unearned fees account, before adjustment at the end of the year, is $36,070.
Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $12,025. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
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