Question: explain each step please Maple Park Senior Center has a weekly payroll of $12,500. December 31 falls on Monday, and Maple Park Senior Center will

explain each step please
explain each step please Maple Park Senior Center has a weekly payroll
of $12,500. December 31 falls on Monday, and Maple Park Senior Center

Maple Park Senior Center has a weekly payroll of $12,500. December 31 falls on Monday, and Maple Park Senior Center will pay its employees the following Monday (January 7) for the previous full week. Assume Maple Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $580,000. Read the requirements. Requirement 1. Record the adjusting entry for accrued salaries on December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Requirement 2. Post the adjusting entry to the accounts involved, and show their balances after adjustments. Post the adjustment to the two accounts using a "Dec. 31" posting reference, and then calculate and enter the ending balance of the accounts using a "Bal." posting reference on the appropriate side of each account. Maple Park Senior Center has a weekly payroll of $12,500. December 31 falls on Monday, and Maple Park Senior Center will pay its employees the following Monday (January 7) for the previous full week. Assume Maple Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $580,000. Read the requirements. each account. Requirement 3. Record the journal entry for payment of salaries made on January 7. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

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