Erwin Press pays wages of $6,000 every Friday for a five-day workweek. June 30, the last day of the fiscal year, falls on a Tuesday. In the journal provided, prepare the June 30 adjusting entry as well as the July 3 follow-up entry when the wages are paid. Omit explanations.
Definitions:
Convulsions
Involuntary, rapid movements of a body's muscles, which can occur as a symptom of an epileptic seizure or other medical conditions.
Heart Failure
A medical condition in which the heart is unable to pump sufficiently to maintain blood flow to meet the body's needs.
Melatonin
A hormone produced by the pineal gland that regulates sleep and wakefulness.
Pineal Gland
A small endocrine gland in the brain that produces melatonin, a hormone that regulates sleep-wake cycles.
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