Question

Ash Realty Co. pays weekly salaries of $3,700 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, October 20
(b) On Thursday, October 21.
Journalize the entries at payment assuming the period ended
(c) On Wednesday
(d) On Thursday.


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  • CreatedSeptember 15, 2015
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