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Exercise 2-21 (Static) Reversing entries [Appendix 2B] The employees of Xitrex, Incorporated, are paid each Friday. The company's fiscal year-end is June 30, which falls on a Wednesday for the current year. Salaries are earned evenly throughout the five-day work week, and $10,000 will be paid on Friday, July 2. Required: 1. Prepare an adjusting entry to record the accrued salaries as of June 30 , a reversing entry on July 1 , and an entry to record the payment of salaries on July 2 . 2. Prepare journal entries to record the accrued salaries as of June 30 and the payment of salaries on July 2 assuming a reversing entry is not recorded. Complete this question by entering your answers in the tabs below. Prepare an adjusting entry to record the accrued salaries as of June 30 , a reversing entry on July 1 , and an entry to record the payment of salaries on July 2 . Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the reversing entry on July 1 . Note: Enter debits before credits. Journal entry worksheet Record the payment of salaries on July 2 . Note: Enter debits before credits. Prepare journal entries to record the accrued salaries as of June 30 and the payment of salaries on July 2 as not recorded. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fie Journal entry worksheet Note: Enter debits before credits. Prepare journal entries to record the accrued salaries as of June 30 and the payment of salaries on July 2 assuming a reversing entry is not recorded. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the payment of salaries on July 2 assuming a reversing entry is not made. Note: Enter debits before credits

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