We-Sell Realty Co. pays weekly salaries of $11,800 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 on Wednesday.

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
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We-Sell Realty Co. pays weekly salaries of $11,800 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 on Wednesday.

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