1. prospect realty co. pays weekly salaries of $27,600 on monday for a six-day workweek...
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Accounting
1. prospect realty co. pays weekly salaries of $27,600 on monday for a six-day workweek ending the preceeding saturday. journalize the necessary adjusting entry at the end of the accounting period, assuming the period ends on friday.
2. the estimated amount of depreciation on equipment for the current year is $7,700. journalize the adjusting entry to record the depriciation.
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