On December 31, the end of the accounting period, $5,300 in service fees had been earned but not billed or received. The firm uses the account Fees Receivable to reflect amounts due but not yet billed.
The proper adjustment would be:

Question

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The Answer of On December 31, the end of the accounting period, $5,300 in service fees had been earned but not billed or received. The firm uses the account Fees Receivable to reflect amounts due but not yet billed.
The proper adjustment would be:

On December 31, the End of the Accounting Period, $5,300