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1. Shelley Ltd pays it salaries fortnightly in arrears. The next pay day is Thursday 2 nd July. The fortnightly salary is $ 30,000, of
1. Shelley Ltd pays it salaries fortnightly in arrears. The next pay day is Thursday 2 nd July. The
fortnightly salary is $ 30,000, of which $ 10,000 is retained to pay the Australian Taxation
Office on behalf of the employees. Payments to the ATO are made every second Monday,
with the next payment being made on Monday 6 th July. Shelley Ltd's reporting periods on 30 th
June.
Required:
Provide the journal entries in the books of Shelley Ltd for:
30 th June
2 nd July
6 th July
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