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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 necessary

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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 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. Salaries Expensex Salaries Payable Feedback & Check My Work Some types of services used in coming 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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