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Adjusting entries for accrued salaries Stenberg Realty Co. pays weekly salaries of $18,500 on...

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Accounting

Adjusting entries for accrued salaries
Stenberg Realty Co. pays weekly salaries of $18,500 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 Monday. If an amount box does not require an entry, leave it blank.
Salaries Expense
Salaries Payable
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.
Salaries Expense
Salaries Payable
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