Laguna Realty Co. pays weekly salaries of $8,000 on Friday for a five-day week ending on that

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Laguna Realty Co. pays weekly salaries of $8,000 on Friday for a five-day week ending on that day. What is the adjustment at the end of the accounting period, assuming that the period ends

(a) On Monday or

(b) On Wednesday

Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.

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Survey of Accounting

ISBN: 978-1305961883

8th edition

Authors: Carl S. Warren

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Question Posted: Feb 16, 2017 09:18 AM

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Laguna Realty Co. pays weekly salaries of $8,000 on Friday for a five-day week ending on that

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a Salary Expense increase 1600 800...View the full answer

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