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(a) Journatize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Wednesday, March 31 . Refer to
(a) Journatize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Wednesday, March 31 . Refer to the chart of accounts for the exact wording of the account lites. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries cNOW joumals will automatically indent a eredit entry when a credit amount is enternd (b) Journalize the necessary adjusting entry at the end of the accounting period, assuming that the peniod ends on Thursday, March 31. Refer to the chart of accounts for the exact wording of the account lities CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered Chart of Accounts CHART OF ACCOUNTS Perimeter Realty Co. General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable REVENUE 41 Fees Earned EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salaries Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense (b) Joumalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Thursday, March 31 . Refer to the chart of accounts for the exact wording of the account littes CNOW Joumals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered 23 Salaries Payable Perimeter Realty Co. pays weekty salaries of $12.250 on Friday for a five-day workweek ending on that day. Joumalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends (a) on Wednesday and (b) on Thursday. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered
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