At the end of the current year, $14,420 of fees have been earned but have not...

Question

Question

At the end of the current year, $14,420 of fees have been earned but have not been billed to clients.

Journalize the adjusting entry (include an explanation) to record the accrued fees.

Answer 1

Answer #1

Solution

When customer are billed the accounts receivable will be debited to increase asset. Revenue will be credited to increase revenue account.

The tile of account maybe different.

Answer 2

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