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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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