Prospect Realty Co. pays weekly salaries of $27,600 on Monday for a six-day workweek ending the preceding Saturday.Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday. Refer to the Chart of Accounts for exact wording of account titles.XChart of AccountsCHART OF ACCOUNTSProspect Realty Co.General LedgerASSETS11 Cash12 Accounts Receivable13 Supplies14 Prepaid Insurance15 Land16 Equipment17 Accumulated Depreciation-EquipmentLIABILITIES21 Accounts Payable22 Unearned Fees23 Salaries Payable24 Taxes PayableEQUITY31 Common Stock32 Retained Earnings33 Dividends REVENUE41 Fees EarnedEXPENSES51 Advertising Expense52 Insurance Expense53 Rent Expense54 Salaries Expense55 Supplies Expense56 Utilities Expense57 Depreciation Expense59 Miscellaneous ExpenseXJournalJournalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday, July 31. Refer to the Chart of Accounts for exact wordi