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4. On September 1, 2021, Naomi Company hired Graham Roberts, Attorney at Law to conduct some legal work for the company. On that date, they

4. On September 1, 2021, Naomi Company hired Graham Roberts, Attorney at Law to conduct some legal work for the company. On that date, they paid Naomi a $5,000 retainer. At December 31, 2021 Graham determined that he had earned $3,400 of the $5,000 retainer. Required: a. What type of adjusting journal entry is required by Graham on December 31, 2021? b. Prepare the required adjusting journal entry

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