Adjusting entries for accrued salaries Instructions Chart of Accounts Journal Instructions Perimeter Realty Co pays weekly salaries of $14,500 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends (a) on Wednesday and (b) on Thursday. Refer to the chart of accounts for the exact wording of the account tes CNOW journe's do not use lines for joume/ explanations Every Wine on a journal page is used for debit or credit entries, CNOW journals will automatically indent a credit entry when a credit amount is entered CHART OF ACCOUNTS Perimeter Realty Co. General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Prepaid Insurance 51 Advertising Expense 15 Land 52 Insurance Expense 16 Equipment 53 Rent Expense 17 Accumulated Depreciation Equipment 54 Salaries Expense 55 Supplies Expense LIABILITIES 56 Utilities Expense 21 Accounts Payable 57 Depreciation Expense 22 Unearned Fees 59 Miscellaneous Expense 23 Salaries Payable dyable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Journal (a) Joumalize the necessary adjusting enty at the end of the accounting period, assuming that the period ends on Wednesday, March 31. Refer to the chartof accounts for the exact wording of the account stes CNOWjournais do not use lines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF. DEBIT CREDIT ASSETS 1 LIABILITIES EQUITY Adjusting Entries (b) Joumalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Thursday, March 31. Refer to the chart of accounts for the exact wording of the accounts CNC for joumel explanations Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a crear entry when a credit amount is entered PAGE JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF DEBIT CREDIT ASSETS LABILITIES QUITY Adjusting Entries
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