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.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 46BE
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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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