CHAPTER 3 PREPARING FINANCIAL STATEMENTS
e) Deferred Revenue Unearned Revenue 4,000 Fees Earned 4,000 f) Accrued Expense Wages Expense 2,300 Wages Payable 2,300 g) Accrued Revenue Accounts Receivable 4,850 Fees Earned 4,850 Example #2: Using the data in Example #1, determine the adjusted balances of the accounts and prepare an adjusted trial balance.
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