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C3: Kite Company's weekly payroll, paid on Fridays, totals $10,000. Employees work a 5-day week. Kites fiscal year is the calendar year and December 31
C3:
Kite Company's weekly payroll, paid on Fridays, totals $10,000. Employees work a 5-day week. Kites fiscal year is the calendar year and December 31st happened to be a Thursday. Prepare Kite's journal entries on the dates listed in the table
Date | Account Titles | Debit Amount | Credit Amount |
Dec 31st |
|
|
|
Jan 1st |
|
|
|
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