Adjusting entries for accrued salaries Instructions Chart of Accounts Journal Instructions x Journal x Garcia Realty Co. pays weekly salaries of $12,250 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 Wednesday, March 31. Refer to the Chart of Accounts for exact wording of account titles. . Journalize 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 exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Chart of Accounts X 1 Adjusting Entries CHART OF ACCOUNTS 2 Garcia Realty Co. 3 3 General Ledger ASSETS REVENUE (b) Journalize 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 exact wording of account titles 11 Cash 41 Fees Earned 12 Accounts Receivable EXPENSES PAGE 1 13 Supplies 14 Prepaid Insurance 15 Land 51 Advertising Expense JOURNAL ACCOUNTING EQUATION 52 Insurance Expense DATE POST. REF. DESCRIPTION DEBIT CREDIT ASSETS LIABILITIES EQUITY 53 Rent Expense 16 Equipment 1 17 Accumulated Depreciation-Equipment 54 Salaries Expense Adjusting Entries 2 55 Supplies Expense Rectangular Sni LIABILITIES 56 Utilities Expense 3 3 21 Accounts Payable 57 Depreciation Expense 22 Unearned Fees 59 Miscellaneous Expense