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QUESTION

Oceanside Realty Co. pays weekly salaries of $3,700 on Friday for a five-day week ending on that day.

Oceanside Realty Co. pays weekly salaries of $3,700 on Friday for a five-day weekending 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? Indicateeach account affected, whether the account is increased or decreased, and theamount of the increase or decrease.

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