Transaction and adjustment data for Alcortt Company for the calendar year end is as follows:
1. December 24 (initial salary entry): ₤18,000 of salaries and wages earned between December 1 and December 24 are paid.
2. December 31 (adjusting entry): Salaries and wages earned between December 25 and December 31 are ₤3,000. These will be paid in the January 8 payroll.
3. January 8 (subsequent salary entry): Total salary payroll amounting to ₤11,000 was paid.
Instructions
Prepare two sets of journal entries as specified below. The first set of journal entries should assume that the company does not use reversing entries, and the second set should assume that reversing entries are utilized by the company. 
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Definitions:
Monitor Progress
The act of regularly assessing and documenting the advancement or change in a project, health status, or other ongoing activities.
Center of Gravity
The point in an object where its mass is concentrated, and around which its weight is evenly dispersed when in a uniform gravitational field.
Base of Support
The area beneath an object or person that provides support and stability.
Narrows
A geographical feature where a body of water is constricted between two landforms.
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