Journalize the necessary adjusting entry assuming


Problem

Adjustment for Accrued Expense Grega Realty Co. pays weekly salaries of $14,750 on Friday for a five-day workweek ending on that day.

Journalize the necessary adjusting entry assuming that the accounting period ends on Tuesday. If an amount box does not require an entry, leave it blank.

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Financial Accounting: Journalize the necessary adjusting entry assuming
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