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Lovelyn, a consultant, employs one college student every summer to help her in her research work. As a researcher, the student work five weekdays (Monday
Lovelyn, a consultant, employs one college student every summer to help her in her research work. As a researcher, the student work five weekdays (Monday to Friday) for 250 per day and is paid on the following Monday. The last Monday of June is June 29. She prepares financial statement every six months, June 30 and December 31.
Instructions: Prepare the adjusting entry on June 30 to correctly accrue salary expense.Use the General Journal format.
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