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Ocular Realty Co. pays weekly salaries of $14,500 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the

Ocular Realty Co. pays weekly salaries of $14,500 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.

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