be overstated or understated. a Amount of entry: $5,100 SHOW ME HOW EX 3-5 Adjusting entries for accrued salaries Obj. 2 Paradise Realty Co, pays weekly salaries of $25,500 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends (a) on Monday and (b) on Thursday Obj. 2 r. Natamininn was paid EX 3-7 Effect of omitting adjusting entry Obj. 2,5 Accrued salaries owed to employees for October 30 and 31 are not considered in preparing the financial statements for the year ended October 31. Indicate which items will be erroneously stated, because of the error, on (a) the income statement for the year and (b) the balance sheet as of October 31. Also indicate whether the items in error will be overstated or understated. EX 3-9 Adjusting entries for unearned fees The balance in the unearned fees account, before adjustment at the end of the year, is $18,000. Obj. 3 Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $3,600 SHOW ME HOW Obi 3.5 EX 3-11 Adjusting entry for supplies Obj. 3 The balance in the supplies account, before adjustment at the end of the year, is $9,000. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $1,575, SHOW ME HOW