Appendix 2: Adjusting and reversing entries 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. a. Using the above data, journalize the adjusting entries at June 30, the end of the current fiscal year. If an amount box does not require an entry, leave it blank. (1) Accrued wages. (2) Accrued fees earned. b. Using the above data, journalize the reversing entries on July 1, the first day of the following year. If an amount box does not require an entry, leave it blank. (1) Reversing entry. (2) Reversing entry