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BE 4 . 7 ( LO 3 ) ( Prepare transaction and adjusting entries for salaries. ) The total weekly payroll for Classic Auto Repairs
BELO Prepare transaction and adjusting entries for salaries. The total weekly payroll
for Classic Auto Repairs Ltd is $ $ per day The payroll is paid every Saturday for
employee salaries earned during the same fiveday workweek Monday through Friday,
inclusive Salaries were last paid on Saturday, September This year the company's year
end, September falls on a Thursday. Salaries will be paid next on Saturday, October
Prepare the journal entries to record each of the following:
a Payment of the salaries on September
b The adjustment to accrue salaries at September
c Payment of the salaries on October
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