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Prepare the june entry

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Question - On 1/1/18, SJK Co. started the year with a beginning balance in unearned revenues of $36,000, by June 30, 2018, $10,000 of the work has been performed. Prepare the June 30 entry.

The weekly wages for the employees totals $40,000 which is paid on Friday. For the final work week of the year 12/31, falls on a Wednesday, therefore 1/1, falls in a Thursday. Prepare the 12/31 adjusting entry.

Reference no: EM132919956

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