At the end of the current year, $5,375 fees have been earned but have not...
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Accounting
At the end of the current year, $5,375 fees have been earned but have not been billed to clients. Joumalize the adjusting entry to record the accrued fees. Use the adjusted trial balance for Stockton Company below to answer the questions that follow. Stockton Company Adjusted Trial Balance December 31 7,530 2,100 700 13,700 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 1,100 1,900 4,300 1,000 12,940 790 9,250 2,500 1,960 775 250 185 30,490 30,490 Determine the net income (loss) for the period. Onet income $3,580 Onet income $9,250 Onet loss $5,670 Onet loss $790
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