Masters Training Academy pays weekly salaries of $4,300 on Friday for a 5-day work week ending on that day. 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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Masters Training Academy pays weekly salaries of $4,300 on Friday for a 5-day work week ending on that day. 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.
3
Transcribed Image Text:Masters Training Academy pays weekly salaries of $4,300 on Friday for a 5-day work week ending on that day. 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. 3
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