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Coffee Brothers has a year end of 30 June 2020. During the month of June 2020, the business incurred salaries expense of $4,000 which will

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Coffee Brothers has a year end of 30 June 2020. During the month of June 2020, the business incurred salaries expense of $4,000 which will be paid in the month of July 2020. Required: (a) Record the related adjusting entry on 30 June 2020. (2 marks) (b) What is the effect on the income statement and balance sheet if this journal entry is not recorded? (2 marks)

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