Perimeter Realty Co. pays weekly salaries of $28,500 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 Wednesday. If an amount bo does not require an entry, leave it blank. Salaries Expense 17,100 Salaries Payable 17,100 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 22,800 Salaries Payable 22,800

Perimeter Realty Co. pays weekly salaries of $28,500 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 Wednesday. If an amount bo does not require an entry, leave it blank. Salaries Expense 17,100 Salaries Payable 17,100 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 22,800 Salaries Payable 22,800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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