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The empleyees of Xitrex, Inc, are paid each Fiday. The company's fiscal year-end is June 30, which falls ori a Wednesday for the current year

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The empleyees of Xitrex, Inc, are paid each Fiday. The company's fiscal year-end is June 30, which falls ori a Wednesday for the current year Salaries are earned evenly throuphoit the five-day work week, and $27,000 will be paid on Friday, July 2. Required: 1. Prepare an adfusting entry to record the accrued salaries as of June 30 . a reversing entry on July 1 , and an entry to record the payment of salaries on July ? 2. Prepare jouanal entries to record the accrued salaies as of June 30 and the payment of salaries on July 2 assuming a reversing entry is not recorded. * Answer is not complete. Complete this question by entering your answers in the tabs below. Pripare an adjusting entry to record the accrued ealaries as of June 30 , a reversing entry on July 1 , and an entry to record the paymeot of salaries on July 2. (If no entry is required for a transaction/event, select "No journat entry required" in the first exceunt field.)

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