Answer:
Salaries Expense 9,750
Salaries Payable 9,750
Accrued salaries [($16,250 ÷ 5 days) × 3 days].
Showing posts with label Connect Realty Co. Show all posts
Showing posts with label Connect Realty Co. Show all posts
Sunday, 24 July 2016
Connect Realty Co. pays weekly salaries of $16,250 on Friday for a five-day workweek ending on that day
Connect Realty Co. pays weekly salaries of $16,250 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Wednesday.
Answer:
Salaries Expense 9,750
Salaries Payable 9,750
Accrued salaries [($16,250 ÷ 5 days) × 3 days].
Answer:
Salaries Expense 9,750
Salaries Payable 9,750
Accrued salaries [($16,250 ÷ 5 days) × 3 days].
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