Perimeter Realty Co. pays weekly salaries of $14,800 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends (a) on Wednesday and (b) on Thursday.

College Accounting (Book Only): A Career Approach
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Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 3PB: The following partial work sheet covers the affairs of Ketcher and Company for the year ended June...
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Perimeter Realty Co. pays weekly salaries of $14,800 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends (a) on Wednesday and (b) on Thursday.
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