The employees of Xitrex, Incorporated, are paid each Friday. The company's fiscal year$-$end is June $30,$ which falls on a Wednesday for

the current year. Salaries are earned evenly throughout the five$-$day work week, and $$20,000$ will be paid on Friday, July $2.$

Required:

Prepare an adjusting 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 journal entries to record the accrued salaries as of June $30$ and the payment of salaries on July $2$ assuming a reversing

entry is not recorded.

Complete this question by entering your answers in the tabs below.

Prepare an adjusting 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 $2.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record the accrued salaries as of June $30.$