Gwynn Company has an accounting fiscal year which ends on June 30 The company

Gwynn company has an accounting fiscal year which

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Gwynn Company has an accounting fiscal year which ends on June 30. The company also has apolicy of paying the weekly payroll on Friday. Payroll records indicate the following salary costswere incurred.DateAmountMondayJune 28$3,000TuesdayJune 293,800WednesdayJune 303,300ThursdayJuly 13,500FridayJuly 22,400Instructions(a)Prepare any necessary adjusting journal entries that should be made at year end on June(b)Prepare the journal entry to record the payment of the weekly payroll on July 2.30.

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