Exercise 2-21 (Algo) Reversing entries (Appendix 2B) 9 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 $29.000 will be paid on Friday, July 2 IS 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 entry is not recorded. 2. Prepare journal entries to record the accrued salaries as of June 30 and the payment of salaries on July 2 assuming a reversing Skipped Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Print Prepare journal entries to record the accrued salaries as of June 30 and the payment of salanes con Pul 2 assuming a reversing entry is not recorded. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) References View transaction list Journal entry worksheet 2 Record the accrued salaries as of June 30