Instructions Chart of Accounts Journal Instructions Garcia Realty Co. pays weekly salaries of $16,400 on Friday for a five-day workweek ending on that day. Friday for a five-day work 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. CHART OF ACCOUNTS Garcia Realty Co. General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Prepaid Insurance 15 Land 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 16 Equipment 17 Accumulated Depreciation-Equipment 54 Salaries Expense 55 Supplies Expense 56 Utilities Expense LIABILITIES 21 Accounts Payable 57 Depreciation Expense 59 Miscellaneous Expense 22 Unearned Fees 13 Supplies EXPENSES 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 LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 59 Miscellaneous Expense 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends (a) Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Wednesday, March 31. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Adjusting Entries (b) Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Thursday, March 31. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Adjusting Entries