Journalize the necessary adjusting entry

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Problem

Indicate with a Yes or No whether or not each of the following accounts normally requires an adjusting entry: Accounts Yes or No a. Building b. Cash c. Owner's Capital d. Land e. Prepaid Rent f. Wages ExpenseCity Realty pays weekly salaries of $34,500 on Monday for a six-day workweek ending the preceding Saturday. Get the instant assignment help. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday.

Reference no: EM133931831

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