Response to the following problem:
The balance in the unearned fees account, before adfjustment at the end of the year, is $1112,790. Of these fes, $69,735 have been earned. In addition, $13,200 of fees have been earned but have not yet been billed. Journalize the adjusting entries
(a) to adjust the unearned fees account and
(b) to record the accrued fees.