1) Perimeter Realty Co. pays weekly salaries of $14,800 on Friday for a five-day workweek...

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Accounting

1) Perimeter Realty Co. pays weekly salaries of $14,800 on Friday for a five-day workweek ending on that day.

a. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Wednesday. If an amount box does not require an entry, leave it blank.

b. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Thursday. If an amount box does not require an entry, leave it blank.

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