Adjusting Entries for Accrued Salaries Paradise Realty Co. pays weekly salaries of $42,000 on Friday...
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Accounting
Adjusting Entries for Accrued Salaries
Paradise Realty Co. pays weekly salaries of $42,000 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.
b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Thursday.
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