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Brunswick Corporation has a calendar year-end. Brunswick pays its workforce on Fridays for a five-day workweek ending on that day. The payroll for a week
Brunswick Corporation has a calendar year-end. Brunswick pays its workforce on Fridays for a five-day workweek ending on that day. The payroll for a week is $150,000. If December 31 falls on a Thursday, the adjusting journal entry the company needs to record will include a:
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credit to Salaries and Wages Payable $60,000.
credit to Salaries and Wages Payable $120,000.
debit to Salaries and Wages Expense $30,000.
credit to Salaries and Wages Payable $75,000
debit to Salaries and Wages Expense $150,000.
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