Garcia Realty Co. pays weekly salaries of $17.250 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 Wednesday and (b) on Thursday Refer to the Chart of Accounts for exact wording of account titles

Instructions Chart of Accounts Journal Chart of Accounts CHART OF ACCOUNTS Garcia Realty Co. General Ledger ASSETS REVENUE 11 Cash 41 Fees Eamed 2 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment54 Salanes Expense EXPENSES 51 Advertisino Expense 52 Insuranoe Expense 53 Rent Expense on LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable 55 Supplies Expense 50 Ubilites Expense 57 Depreciation Expense 50 Miscellaneous Expense EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends (a) Joumalize the necessery eqjusting entry at the end of the accounting period auming that the period enda on Weaneaday March 3 Prefer to the Chart of Accounts for eact wording of account bles JOURNAL ACCOUNTING EQUIATION Adjusting Entries