we sell realty co pays weekly salaries of 11 800 on friday for a five day workweek e 1314297

We-Sell Realty Co. pays weekly salaries of $11,800 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 on Wednesday.

 

 

Q8

a.       Prospect Realty Co. pays weekly salaries of $27,600 on Monday for a six-day workweek ending  the  preceding  Saturday.  Journalize  the  necessary  adjusting  entry  at  the  end  of the

accounting period, assuming that the period ends on Friday.

b.       The estimated amount of depreciation on equipment for the current year is $7,700. Journalize the adjusting entry to record the depreciation.