Adjustment for Accrued Expense We-Sell Realty Co. pays weekly salaries of $11,800 on Friday for...
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Adjustment for Accrued Expense We-Sell Realty Co. pays weekly salaries of $11,800 on Friday for a five-day workweek ending on that day Journalize the necessary adjusting entry assuming that the accounting period ends on Wednesday. Adjustment for Unearned Revenue The balance in the unearned fees account, before adjustment at the end of the year, is $272,500 Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $189,750
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