North Slope Realty Co_Salary outstanding

Question # 00004442 Posted By: ACCOUNTS_GURU Updated on: 12/03/2013 04:20 AM Due on: 12/31/2014
Subject Accounting Topic Accounting Tutorials:
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  North Slope Realty Co. pays weekly salaries of $7,900 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 Wednesday, (b) on Thursday? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.
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