Accrued Fees Earned but Not Recorded at August 31 Are

question 142

Multiple Choice

Accrued fees earned but not recorded at August 31 are $25,750. Which of the following is correct for the reversing entry on September 1?

• A) credit Unearned Fees for $25,750
• B) debit Accounts Receivable for $25,750
• C) debit Fees Earned for $25,750
• D) credit Fees Earned for $25,750

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