which of the columns of the work sheet would the unearned fees account be found?
A) In the Balance Sheet credit column and the Income Statement debit column
B) In the Trial Balance credit column, the Adjusted Trial Balance credit column and the Balance Sheet credit column
C) In the Balance Sheet debit column and the Income Statement credit column
D) In the Trial Balance debit column, the Adjusted Trial Balance debit column and the Balance Sheet debit column

Question

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Unearned fees represent a liability where the company has received payment for services it has yet to perform. Therefore, it initially appears in the credit column of the Trial Balance. After adjustments, it remains in the credit column of the Adjusted Trial Balance and is reported in the credit column of the Balance Sheet as a liability.

Which of the Columns of the Work Sheet Would the Unearned