Adjusting Journal Entries - Accruals Worksheet Accruals-Cash has not changed hands A) Accrued Revenue-revenue earned B) Accrued Expense-expenses incurred Prepare Adjusting Journal Entries for the following scenarios: 1. ABC has income of $5000 that has not been billed or received. I 2. XYZ has interest that they have earned of $125 but they have not received 3. ABC pays $10,000 a week in wages. The end of the month falls on a Tuesday. 4. ABC has accrued $500 in interest expense.