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Adjustment for accrued expense City Realty pays weekly salaries of $10,875 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary

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Adjustment for accrued expense City Realty pays weekly salaries of $10,875 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. If an amount box does not require an entry, leave it blank. Salaries Expense Salaries Payable 3,625 X 3,625 X Feedback T Check My Work Some types of services used in earning revenues are paid for after the service has been performed. In such cases, the expense is increased. When does the accounting period end? Multiply the daily amount times this number of days to obtain the accrual amount.

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