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#6 (1 pt.) Employees at Dexter & Son, Ltd are paid every two weeks on Fridays. Work weeks are Monday through Friday. Bi-weekly payroll totals
#6 (1 pt.) Employees at Dexter & Son, Ltd are paid every two weeks on Fridays. Work weeks are Monday through Friday. Bi-weekly payroll totals $4,500. The last pay date was Friday, December 23, 2011. Record the following journal entries.a. Record the adjusting entry on December 31, 2011 to accrue incurred but unpaid payroll. Note that this is exactly one weeks payroll.b. Record the payment of payroll on January 6,2012.
#6 (1 pt.) Employees at Dexter & Son, Ltd are paid every two weeks on Fridays. Work weeks are Monday through Friday. Bi-weekly payroll totals $4,500. The last pay date was Friday, December 23, 2011. Record the following journal entries. a. Record the adjusting entry on December 31, 2011 to accrue incurred but unpaid payroll. Note that this is exactly one week's payroll. b. Record the payment of payroll on January 6, 2012. Accounts Debits CreditsStep by Step Solution
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