Calculator Adjustment for accrved expense Instructions Chart of Accounts Journal Instructions Prospect Really Co. pays weekly tries of $27,000 for a six day workweek (Monday thru Saturday). Jourmalize the charytaty assuming that the accounting period ends on Friday. Reter to the Chart of Accounts for exact worting of account titles. Justment for accrued expense Instructions Chart of Accounts Journal structions Chart of Accounts CHART OF ACCOUNTS or exe Prospect Realty Co. General Ledger ASSETS REVENUE 41 Fees Eamed EXPENSES 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salaries Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Journalize the necessary acustienty assuming that the accounting period ends on Friday, July 31. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Adjusting Entries 2 3