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Journalize the adjusting entries necessary on december

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Reference no: EM132738747

Problem - Adjusting Entries for Accruals - The following data were accumulated for preparing the adjusting entries for the Atlanta Rhythm Company:

At the end of the year, $13,680 of fees have been earned, but have not been billed to clients.

Wages of $12,500 are paid on Friday for a five-day workweek. The accounting period ends on Thursday, December 31.

Required - Journalize the adjusting entries necessary on December 31, the end of the accounting period.

Reference no: EM132738747

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