Business
Business, 30.10.2021 14:00, 91miketaylor

A company records the fees for legal services paid in advance by its clients in an account called Unearned Legal Fees. If the company fails to make the end-of-period adjusting entry to move the portion of these fees that has been earned to a revenue account, one effect will be:

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A company records the fees for legal services paid in advance by its clients in an account called Un...

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