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How do you determine the payroll accural at the wnd of the month? REQUIRED: Prepure be appropriate journal entry for each of the above transactions

image text in transcribed How do you determine the payroll accural at the wnd of the month?
REQUIRED: Prepure be appropriate journal entry for each of the above transactions The Travers Company is open each day of the year. The annual payroll for houdly employees is $182 500. Wages are paid on a biweekly basis on each Friday for the pay period ending on Thursday. The last day of the month is on Wednesday. The last pay period ended on the prior Thursday. REQUIRED: Determine the payroll accrual at the end of the month. Prepare the joumal entry to record the actual Tinker's Computer Company Adjusted Trial Balance December 31, 20X8 Accounts Receivables Supplies Fumiture Accumulated Depreciation Furniture $ 15,900 $ 3,400 S 8,000 $100,000 $ 20,000 $ 250.000 Building Accumulated Depreciation Building Accounts Payable Mortgage Payable Common Stock Revenues Wages Expense Utilities Expense Insurance Expense Supplies Expeme Depreciation Expen $ 140,000 $ 6,090 $57,900 $ 81,000 $219,000 15 19,710 $ 15,330 $ 32,850 $ 35,000 $ 523 990 $ 523.990

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