If Throughout an Accounting Period the Fees for Legal Services

question 30

Multiple Choice

If throughout an accounting period the fees for legal services paid in advance by clients are recorded in an account called Unearned Legal Fees,the end-of-period adjusting entry to record the portion of these fees that has been earned is:

• A) Debit Cash and credit Legal Fees Earned.
• B) Debit Cash and credit Unearned Legal Fees.
• C) Debit Unearned Legal Fees and credit Legal Fees Earned.
• D) Debit Legal Fees Earned and credit Unearned Legal Fees.
• E) Some other entry.

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Definitions:

Miller

Often associated with philosophical or societal theories; without specific context, it could refer to a notable figure in various fields named Miller.

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Klahm and Tillyer

Researchers known for their contributions to the field of criminal justice, particularly in studies related to policing and crime prevention.