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Prospect Realty Co. pays weekly salaries of $19,220 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday. Refer to the Chart o

JOURNAL

ACCOUNTING EQUATION


DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY

1


Adjusting Entries







2


3




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