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Salaries of $3,800 are paid for a five-day week on Friday. Required: Prepare the adjusting foumal entry that is required if the month ends on

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Salaries of $3,800 are paid for a five-day week on Friday. Required: Prepare the adjusting foumal entry that is required if the month ends on Thursday. Refer to the Chart of Accounts for exact wording of account tiles. General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 16 Office Building 17 Accumulated Depreciation-Office Building LIABILITIES 21 Accounts Payable 22 Notes Payable 23 Unearned Fees 24 Salaries Payable 25 Interest Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends REVENUE 41 Fees Earned EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Interest Expense 54 Salaries Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense Prepare the acjusting joumal ontry on December 31 , that is required if the month ends on Thursday. Reter fo the Chart of Accounts for exact worcling of account tifles

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