Adjusting Entries for Accrued Salaries

Garcia Realty Co. pays weekly salaries of $34,500 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 Monday.

	Salaries Expense
	Salaries Payable

b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Tuesday.