WebEX 3-8 Adjusting entries for unearned fees Question: Amount of entry: $36,000 The balance in the unearned fees account, before adjustment at the end of the year, is $45,000. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is. $9,000. WebSelect the best explanation for the entry. Debit: Wages Expense 2,555 Credit Wages Payable 2,555. Record wages expense incurred and to be paid next month. An unearned revenue is a liability. True. Adjusting entries are made at the end of an accounting period to adjust accounts on the balance sheet. False.
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WebNov 20, 2024 · EX 3-11 Adjusting entries for unearned and accrued fees The balance in the unearned fees account, before adjustment at the end of the year, is $96,000. ... Journalize the adjusting entries (a) to adjust the unearned fees account and (b) to record the accrued fees. Nov 18 2024 08:12 AM. 1 Approved Answer. Clarence M answered on … WebTranscribed Image Text: EX 3-9. Adjusting Entries for Unearned Fees Obj. 3 The balance in the unearned fees account, before adjustment at the end of the year, is $18,000. Journalize the adjusting entry required if the amount of … the villages oxford florida
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WebExplain. EX 4-11 Adjusting entries for unearned and accrued fees OBJ. 2 The balance in the unearned fees account, before adiustment at the end of the year, is $112,000, Of these fees, $71,600 have been earned. In addition, $47,400 of fees have been earned but have not been billed. Journalize the adjusting entries (a) to adjust the unearned fees ... WebTranscribed Image Text: EX 3-9. Adjusting Entries for Unearned Fees Obj. 3 The balance in the unearned fees account, before adjustment at the end of the year, is $18,000. … WebJun 30, 2024 · The balance in unearned fees represented the June 1 receipt in advance for services to be provided. During June, $14,910 of the services were provided. ... 3. Journalize and post the adjusting entries, inserting balances in the accounts affected. Record the adjusting entries on Page 26 of the journal. The following additional … the villages ozark al