Adjusting entries for accrued salaries Instructions Chart of Accounts Journal Instructions Chart of Accounts 11 Cash 41 Fees Earned Paradise Realty Co. pays weekly salaries of $19,250 on Friday for a five-day workweek ending on that day. 12 Accounts Receivable EXPENSES 13 Supplies 14 Prepaid Insurance 51 Advertising Expense Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends (a) on Monday and (b) on Thursday. Refer to the Chart of Accounts for exact wording of account titles. 15 Land 52 Insurance Expense 16 Equipment 53 Rent Expense Journal X 17 Accumulated Depreciation-Equipment 54 Salaries Expense > 55 Supplies Expense LIABILITIES 56 Utilities Expense (a) Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Monday, March 31. exact wording of account titles. 21 Accounts Payable 57 Depreciation Expense 59 Miscellaneous Expense 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Adjusting Entries EQUITY 31 Common Stock 2 32 Retained Earnings 3