Chapter 03 – Adjusting Accounts for Financial Statements
Exercise 3-6 (25 minutes)
Dec. 31 Accounts Receivable ……………………………………… 2,100
Fees Earned …………………………………………….. 2,100
To record earned but unbilled fees (30% x $7,000).
31 Unearned Fees ……………………………………………….. 4,900
