Adjusting Entries for Accrued Salaries

Perimeter Realty Co. pays weekly salaries of $14,800 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. If an amount box does not require an entry, leave it blank.

	Salaries Expense	fill in the blank	fill in the blank
	Salaries Payable	fill in the blank	fill in the blank

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b. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Thursday. If an amount box does not require an entry, leave it blank.

	Salaries expense	fill in the blank	fill in the blank
	Saleries payable	fill in the blank	fill in the blank