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Adjustment for accrued expense Instructions Chart of Accounts Journal Instructions Prospect Realty Co. pays weekly salaries of $13,220 on Monday for a six-day workweek ending
Adjustment for accrued expense Instructions Chart of Accounts Journal Instructions Prospect Realty Co. pays weekly salaries of $13,220 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. Refer to the Chart of Accounts for exact wording of account titles. Round your answer to the nearest dollar. Journal How does grading work? DATE 1 2 3 DESCRIPTION Jul. 31 Salaries Expense Salaries Payable Adjusting Entries JOURNAL Shaded cells have feedback. Score: 21/25 POST. REF. DEBIT CREDIT 13,220.00 ACCOUNTING EQU ASSETS LIABILITIES 13,220.00 Points
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