At the end of the current year, $19,900 of fees have been earned but not billed to clients. a. What is the...

At the end of the current year, $19,900 of fees have been earned but not billed to clients.

• a. What is the adjustment to record the accrued fees? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.
• b. If the cash basis rather than the accrual basis had been used, would an adjustment have been necessary? Explain.