The balance in the unearned fees account, before adjustment at the end of the year, is $27,300. What is the adjustment if the amount of unearned fees at the end of the year is $14,650? Indicate whether each account is increased or decreased and the amount of the increase or decrease.

The balance in the unearned fees account, before adjustment at the end of the year, is $27,300. What is the adjustment if the amount of unearned fees at the end of the year is $14,650? Indicate whether each account is increased or decreased and the amount of the increase or decrease.

It should be apparent that the adjustment needed is that which will reduce the balance to $14650