Adjustment for Accrued Fees At the end of the current year, $47,700 of fees have...
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Adjustment for Accrued Fees At the end of the current year, $47,700 of fees have been earned but not billed to clients. a. Indicate whether each account is increased or decreased and the amount of the increase or decrease for the adjustment for these accrued fees. b. Companies that record transactions only when cash is received or paid are said to use the
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