Question
h. Bears, Inc. is open five days a week and has a daily payroll of $4,600. Employees are paid every Friday. Assume December 31 is
h. Bears, Inc. is open five days a week and has a daily payroll of $4,600. Employees are paid every Friday. Assume December 31 is a Wednesday. The payroll is allocated as follows: 20% of the payroll relates to office employees, and the balance relates to sales employees.
i. Depreciation for store equipment has been calculated to be $1,400 per month.
j. Depreciation for office equipment has been calculated to be $800 per month.
Need help putting this into an adjusting journal entry. Please help
'k. Utilities expenses of $1,300 were incurred, but not yet recorded. Utilities expense is allocated as follows: 25% relates to the office and the balance relates to the store.
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