1. 10.Accrued Expense A business's lawyer charges $60 per hour to meet with the board of directors. The business pays for the expense on the fifth of every month. By the end of the year, the board members and lawyer had met 51 hours since the last pay period.
2. How much should the business record as an accrued legal expense at year-end?
3. Record the journal entry to make the adjustment.

Account Debit Credit

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1. 13.Unearned Revenue A new gym begins business in November, offering a special for its membership plan of one year for $240. During November, 12 people sign up for the plan starting December 1; during December, 20 people sign up for the plan starting December 15.
2. Calculate the amount of the unearned revenue at year-end on December 31.
3. Journalize the adjusting entry to record the revenue.

Account Debit Credit

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