Question
A business pays weekly salaries of $30,000 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 $30,000 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 Thursday is
| debit Salaries and Wages Expense, $24,000; credit Salaries and Wages Payable, $24,000. |
| debit Salaries and Wages Expense, $6,000; credit Salaries and Wages Payable, $6,000. |
| debit Salaries and Wages Payable, $24,000; credit Cash, $24,000. |
| debit Salaries and Wages Expense, $24,000; credit Cash, $24,000. |
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Financial And Managerial Accounting
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
16th Edition
0357714040, 9780357714041
