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Adjustment for Accrued Salaries Laguna Realty Co. pays weekly salaries of $6,900 on Friday for a five-day week ending accounting period, assuming that the period

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Adjustment for Accrued Salaries Laguna Realty Co. pays weekly salaries of $6,900 on Friday for a five-day week ending accounting period, assuming that the period ends (a) on Monday or (b) on Wednesday? Indicate whether each account is increased or decreased on that day. What is the adjustment at the end of the and the amount of the increase or decrease. a. Salary expense Salary payable b. Salary expense Salary payable

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