O nov 30 the end of the current fiscal year the following

Reference no: EM13603051

On Nov. 30, the end of the current fiscal year, the following information is available to assist Caruso Company's accountant in making adjusting entries:

a. On September 1, the company completed negotiations with a client and accepted an advance of $18,600 for services to be performed monthly in the next year. The $18,600 was credited to Unearned Services Revenue.

b. On Saturday, December 2, the company, which is on a six-day workweek, will pay its regular employees their weekly wages of $15,000.

Reference no: EM13603051

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