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