Question
Dram Inc. pays payroll weekly based on a five-day pay period(Monday-Friday). Dram's year ends on a Wednesday and payroll of $10,000 is paid the Friday
Dram Inc. pays payroll weekly based on a five-day pay period(Monday-Friday). Dram's year ends on a Wednesday and payroll of $10,000 is paid the Friday following. What is the entry to accrual payroll at year end?
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Cornerstones of Financial and Managerial Accounting
Authors: Rich Jones, Mowen, Hansen, Heitger
1st Edition
9780538751292, 324787359, 538751290, 978-0324787351
