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Adjusting Entries for Accrued Salaries Paradise Realty Co. pays weekly salaries of $42,000 on Friday for a five-day workweek ending on that day. a. Journalize

Adjusting Entries for Accrued Salaries

Paradise Realty Co. pays weekly salaries of $42,000 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.

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

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