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What is the adjustment at the end of the accounting period

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Problem - Adjustment for accrued salaries - Laguna Realty Co. pays weekly salaries of $8,000 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 Monday (b) on Wednesday? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.

Reference no: EM132710722

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