R Bogan prepares monthly accounts and at 31 December 2021 there was $1500 salary prepayment due to payment of Christmas and New Year holidays during December. The salary account balance to 31 December 2021 was $75 000, and this included the prepayment. The working week is from Monday to Friday.

Salaries are paid weekly on a Friday and the pay week ends on the same day (see figure 10.98).

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Payments During the Month of: January February March April May June 11 275 13 305 10 824 13 530 11 050 12 400 Accounting Period Ended on a: Monday Monday Thursday Friday Tuesday Thursday Accrual is Based on an Average Cost per Day of: ... days at $564 per day ... days at $665 per day days at $541 per day days at $676 per day days at $553 per day days at $620 per day www ...