As the controller of Best Security Systems, you have hired a new bookkeeper, whom you must train. She objects to making an adjusting entry for accrued salaries at the end of the period. She reasons, "We will pay the salaries soon. Why not wait until payment to record the expense? In the end, the result will be the same." Write a business memo to explain to the bookkeeper why the adjusting entry for accrued salaries expense is needed.
This is the format of the business memo:
Date:...........................(fill in)
To:..............................New Bookkeeper
From: ..........................(Student Name)
Subject: ........................Why the adjusting entry for salaries expense is needed