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Need Help ASAP Instructions Garcus Realty Ca pays weekly salanes of $18,650 on Friday for a five-day workweek ending on that day Journalize the necessary
Need Help ASAP
Instructions Garcus Realty Ca pays weekly salanes of $18,650 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 perod ends (a) on Wednesday and (b) on Thursday Refer to the Chart of Accounts for exact wording of account holes General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment EXPENSES 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 Journal (a) Joumalize the necessary adusting entry at the end of the accounting penod assuming that the period ends on Wednesday, March 3 Refer to the Chart of Accounts for exact wording of accounts BALI JOURNAL ACCOUNTING EQUATION es COUNTY JOSE ASSETS OT CREDIT DATE DESCRIPTION Adjusting Entries 1 1 () Journal the necessary adjusting entry at the end of the accounting pendung that the period enda on Thursday March 31 Hefer to the Chart of Accounts for exact wording of accounts (D) Journalize the necessary adjusting entry at the end of the accounting period, assuming that the penod ends on Thursday, March at Refer to the Chart of Accounts for exact wordng or account titles WE ACCOUNTING EQUATION JOUR CREDIT AMETS TIES LOT POSTRIT DATE DESCRIPTION Adjusting Entries 1 Step by Step Solution
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