For each of the following scenarios, assume a December 31, 2023 year end and (a)...
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For each of the following scenarios, assume a December 31, 2023 year end and (a) determine the type of adjustment, (b) compute the amount of the adjustment, and (c) record the adjusting entry in journal entry format. 1 1. The balance in unearned fees, $15,000, represented the October 1 receipt in advance for services to be provided evenly over the next six months. Record the adjusting entry at the end of the year for the services that have been provided. a. b. C. Date Description 2. Unbilled fees at the end of the period were $8,200. a. b. C. Date Description Debit Debit Credit Credit
For each of the following scenarios, assume a December 31,2023 year end and (a) determine the type of adjustment, (b) compute the amount of the adjustment, and (c) record the adjusting entry in journal entry format. 1. The balance in unearned fees, $15,000, represented the October 1 receipt in advance for services to be provided evenly over the next six months. Record the adjusting entry at the end of the year for the services that have been provided. a. b. 2. Unbilled fees at the end of the period were $8,200. a. b
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