The balance of the Unearned Fees account on the December 31, trial balance totals $48,000 . If only $5,000 of this total remains unearned, what will be the required adjusting entry?
a. Cash, debit, $43,000; Fees Earned, credit, $43,000.
b. Unearned Fees, debit, $43,000; Fees Earned, credit, $43,000.
c. Unearned Fees, debit, $48,000; Fees Earned, credit, $48,000.
d. Unearned Fees, debit, $5,000; Fees Earned, credit, $5,000.
e. Fees Earned, debit, $5,000; Unearned Fees, credit, $5,000.
b
Business
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