Gwynn Company has an accounting fiscal year which ends on June 30. The company also has a policy of paying the weekly payroll on Friday. Payroll records indicate the following salary costs were incurred. 
Instructions
(a) Prepare any necessary adjusting journal entries that should be made at year end on June 30.
(b) Prepare the journal entry to record the payment of the weekly payroll on July 2.
Definitions:
Feminine Mystique
The Feminine Mystique is a term popularized by Betty Friedan's 1963 book, describing the widespread unhappiness of women in the 1950s and 1960s due to societal pressures to remain in domestic roles.
Suburban Wife
A term that refers to a married woman living in a suburban area, often associated with specific social and family dynamics.
Peanut Butter
Peanut butter is a food paste or spread made from ground, dry-roasted peanuts, often mixed with ingredients like salt, sweeteners, or emulsifiers.
Traditional Masculinity
A set of cultural norms and expectations that define what is considered to be masculine behavior and roles, often emphasizing strength, stoicism, and leadership.
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