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A company pays oach of its two office employees each Filday at the rate of $130 per day for a five-day week that begins on
A company pays oach of its two office employees each Filday at the rate of $130 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is Mittle Choice Debit Sales Expense 20 and credit Cash 3520 Debit Salanes Hiyotlo ss30 and credit soos Expe 5520 Debt haides $780 and credit salarios Payable 5710 Debt Series $520 and credit Swane w 120 Debi Salaries Come and credit Sales Payable $700
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