What is the adjustment at the end of the accounting period


Canyon Realty Co. pays weekly salaries of $12,000 on Friday for a fi ve-day week ending on that day. What is the adjustment at the end of the accounting period, assuming that the period ends (a) on Tuesday, (b) on Wednesday? Indicate each account aff ected, whether the account is increased or decreased, and the amount of the increase or decrease.

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Accounting Basics: What is the adjustment at the end of the accounting period
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