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Adjustment for Accrued Expense ABC Realty Co. pays weekly salaries of $18,500 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary

Adjustment for Accrued Expense

ABC Realty Co. pays weekly salaries of $18,500 on Monday for a six-day workweek ending the preceding Saturday.

Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday. Round your answers to nearest whole dollar.

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