At the end of the current year, $23,570 of fees have been earned but have not been billed to clients

At the end of the current year, $23,570 of fees have been earned but have not been billed to clients. Journalize the adjusting entry (include an explanation) to record the accrued fees.

Answer:

Accounts Receivable 23,570

                  Fees Earned 23,570

                   Accrued fees.