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Instructions Denton Corporation employs 40 workers in its plant. Each employee is paid $10 per hour and works seven hours per day, Monday through Friday.

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Instructions Denton Corporation employs 40 workers in its plant. Each employee is paid $10 per hour and works seven hours per day, Monday through Friday. Employees are paid every Friday. The last payday was Friday, September 19 Required: 1. Compute the dollar amount of the weekly payroll. 2 Prepare the journal entry on Friday, September 26 for the payment of the weekly payroll . Denton prepares monthly financial statements. Prepare the adjusting journal entry on Tuesday, September 30, the last day of the month. Prepare the journal enry on riday,Orctaber& or the paymen of the wekly parolt 5. Will net income for the month of September be understated or overstated if Denton doesn' t bother with an adjusting entry on September 30

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