Connect Saved voluntary homework Help Sav Exercise 2-21 (Static) Reversing entries (Appendix 2B) The employees of Xitrex, Inc., are paid each Friday. The company's fiscal year-end is June 30, which falls on a Wednesday for the current year. Salaries are earned evenly throughout the five-day work week, and $10,000 will be paid on Friday, July 2. Required: 1. Prepare an adjusting entry to record the accrued salaries as of June 30, a reversing entry on July 1, and an entry to record the payment of salaries on July 2. 2. Prepare journal entries to record the accrued salaries as of June 30 and the payment of salaries on July 2 assuming a reversing entry is not recorded Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an adjusting entry to record the accrued salaries as of June 30, a reversing entry on July 1, and an entry to record the payment of salaries on July 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 2 Required 1 Required 2 Prepare journal entries to record the accrued salaries as of June 30 and the payment of salaries on July 2 assuming a reversing not recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Skipped View transaction list eBook Journal entry worksheet Hint Print 1 2 References Record the accrued salaries as of June 30. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general Journal Mc Graw Hill atv AG W