On the basis of the following data, (A) journalize the adjusting entries at June 30, the end of
the current fiscal year, and (B) journalize the reversing entries on July 1, the first day of the
following year:
1. Wages are uniformly $66,000 for a five-day workweek, ending on Friday. The last payday of the year was
Thursday, June 27.
2. Accrued fees earned but not recorded at June 30, $25,000.