Question
A business pays weekly salaries of $28000 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of
A business pays weekly salaries of $28000 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on a Wednesday is
debit Salaries and Wages Expense, $16800; credit Cash, $16800.
debit Salaries and Wages Expense, $11200; credit Salaries and Wages Payable, $11200.
debit Salaries and Wages Payable, $16800; credit Cash, $16800.
debit Salaries and Wages Expense, $16800; credit Salaries and Wages Payable, $16800.
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
