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 payrol 2. Prepare the journal entry on Friday, September 26, for the payment of the weekly payrol 3. Denton prepares monthly financial statements. Prepare the adjusting journal entry on Tuesday, September 30, the last day of the month 4 Prepare the journal entry on Friday, October 3, for the payment of the weekly payroll 5 Will net income for the month of September be understated or overstated Denton doesn't bother with an adjusting entry on September 30 eBook Show Me How Video Print Item Wages Payable Instructions Chart of Accounts First Question General Journal Final Question Instructions Chart of Accounts De General Ledger Se Jona ASSETS 111 Cash 121 Accounts Receivable 141 Inventory 152 Prepaid Insurance 154 Office Supplies on Hand 174 Equipment 179 Accumulated Depreciation LIABILITIES REVENUE 411 Sales Revenue EXPENSES st day 500 Cost of Goods Sold 521 Wages Expense 532 Utilities Expense 533 Insurance Expense 534 Rent Expense 537 Office Supplies Expense entry o Instructions Chart of Accounts First Question General Journal Final Q De Se Instructions Chart of Accounts LIABILITIES 211 Accounts Payable 231 Wages Payable 235 Notes Payable 261 Income Taxes Payable 534 Rent Expense 537 Office Supplies Expense 541 Depreciation Expense 551 Advertising Expense 559 Miscellaneous Expenses 810 Interest Expense 910 Income Tax Expense EQUITY 311 Capital Stock 331 Retained Earnings Instructions Chart of Accounts De First Question Se Shaded cells have feedback. X se 1. Compute the dollar amount of the weekly payroll. per week Points: Feedback Check My Work Calculate weekly payroll. 0/1 13 es Question not attempted. GENERAL JOURNAL DATE ACCOUNT TITLE Score: 0/35 BALANCE SHEET IMPACT ON FINANCIAL STATEMENTS INCONE STATEMENT POST CHEEKY ADUCTS T EQUITY MOLE OPGES MET CO Question not attempted. GENERAL JOURNAL DATE ACCOUNT TITLE Ating Entries Score: 0/35 IMPACT ON FINANCIAL STATEMENTS BALANCE SHEET POST DET CREDIT METS T CURTY INCOME STATEMENT EXPOS NET COR General Journal 4. Prepare the journal entry with the impact on the financial statements on Friday, October 3, for the payment of the weekly payrol Question not attempted. GENERAL JOURNAL DATE ACCOUNT TITLE Score: 0/51 Shade alt have tack X INPACT ON FINANCIAL STATEMENTS INCOME STATEMENT BALANCE SHEET POST CREDIT AURTS QUITY PURES HET COM