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Molly Mocha employs one college student every summer in her coffee shop. The student works the five weekdays and is paid on the ollowing Monday.
Molly Mocha employs one college student every summer in her coffee shop. The student works the five weekdays and is paid on the ollowing Monday. (For example, a student who works Monday through Friday, June 1 through June 5, is paid for that work on Monday. June 8.) The coffee shop makes an adjusting entry each month to show salaries earned but unpaid at month-end. The student works he last week of July, which is Monday, July 28 , through Friday. August 1 . If the student earns $230 per day, what adjusting entry must he coffee shop make on July 31 to correctly record accrued salaries expense for July? Journal entry worksheet Note: Enter debits before credits
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