=+understated.

Accrual Accounting Concepts 113

-r Adjustment for accrued salaries Obj 3 Canyon Realty Co. pays weekly salaries of $12,000 on Friday for a five-day week ending on that day. What is the adjustment at the end ofthe accounting period, assuming that the period ends

(a) on Tuesday,

(b) on Wednesday? Indicate each account affected, whether the account is increased or decreased, and the amount ofthe increase or decrease.