Question
Instructions Garcia Realty Co. pays weakly salaries of $14.500 on Friday for a five-day work ending on that day Joumalize the necessary adjusting entry c
Instructions Garcia Realty Co. pays weakly salaries of $14.500 on Friday for a five-day work ending on that day Joumalize the necessary adjusting entry c ccounding period, assuming that the period ends aj on Wednesday and on Thursday Per to the Chart of Acts for wording of ABIETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land General Ledger REVENUE 41 Fees Earned EXPENSES 51 Advertising Expense 52 Insurance Expense 16 Equipment 53 Rent Expense 17 Accumulated Depreciation-Equipment 54 Salaries Expense LIABILITIES 21 Accounts Payable 22 Uneamed Fees 23 Salaries Payable 24 Taxes Payable 55 Supplies Expense 56 Usites Expense 57 Depreciation Expense 59 Miscelaneous Expense EQUITY 31 Common Stock 32 Retained Eaminas (A) Journalize the necessary adjusting entry at the end of the accounting peno ang hat the period ends on Wedheadry March 31 Peer a 1 JOURNAL DATE DESCRIPTION Adjusting E Chart of Accounts te dwg of ACCOUNTING EQUATION (b) Journalize the necessary adjusting entry at the end of the accounting period, assuming that the perod ends on Thursday March 31 Refer to the Chart of Accounts for exact wording of account t JOURNAL DATE Adjusting Entes ACCOUNTING EQUATION CREST FQUITY
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started