Accuring salaries Lakia Rowa employs one college student every summer in her coffee shop. The student works

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Accuring salaries

Lakia Rowa employs one college student every summer in her coffee shop. The student works the five weekdays and is paid on the following Monday. (For example, a student who works Monday through Friday, June 1 through June 5, is paid for that work on Monday, June 8.) Rowa adjusts her books monthly, if needed, to show salaries earned but unpaid at month-end. The student works the last week of July Friday is August 1. If the student earns \($100\) per day, what adjusting entry must Rowa make on July 31 to correctly record accrued salaries expense for July?

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College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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