The balance in unearned fees account,before adjusting at the end year, is $112790.of these fees,$69,735 have been earned.In addition $13200 of fees have been earned but not have been billed, journalize the adjusting entries
a. to adjust the unearned fees account
b. to record the accrued fees.

a. Debit Unearned Fees for the amount earned
Credit Earned Fees for the amount earned

b. Debit Accounts Reveivable for the amount to be billed
Credit Earned Fees for the amount to be billed

Thank you

I think the correct entry on requirement (b) is:

Debit.. Accrued fees receivable
Credit.. Fees

I don't really understand the answer. Can someone explain in more detail and what the numbers are?

In (a) you just have to subtract the fees earned from the unearned fees before any adjusting was made. The difference now becomes your unearned fees account in which unearned fees fall under debit and fees earned falls under credit.

In (b) you just have to copy the amount that was given to you which is $13200.
Accounts Receivable is Debit and Fees earned is Credit.