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Adjustment for Accrued Expense Prospect Realty Co. pays weekly salaries of $27.600 on Monday for a six-day workweek ending the preceding Saturday. Journalize the
Adjustment for Accrued Expense Prospect Realty Co. pays weekly salaries of $27.600 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. If an amount box does not require an entry, leave it blank.
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