Requirement 2. Post the adjusting entry to the accounts involved and show their balances after adjustments.

Begin by posting the adjusting entry.

of debits and credits and to the adjusting entry you prepared in the preceding step to assist you with the posting of the accrual for salaries expense

Requirement 3. Record the journal entry for payment of salaries made on January

Hickory Park Senior Center has a weekly payroll of $22,500. December 31 falls on Tuesday, and Hickory Park Senior Center will pay its employees the following Monday (January 6) for the previous full week. Assume Hickory Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $570,000. Read the requirements Requirement 1. Record the adjusting entry for accrued salaries on December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 31