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Molly Mocha employs one college student every summer in her coffee shop. The student works for the five weekdays and is paid on the
Molly Mocha employs one college student every summer in her coffee shop. The student works for the five weekdays and is paid on the following 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 for the last week of July, which is Monday, July 28, through Friday, August 1. If the student earns $240 per day, what adjusting entry must the coffee shop make on July 31 to correctly record accrued salaries expense for July? View transaction list Journal entry worksheet 1 Record the salaries incurred but not yet paid. Note: Enter debits before credits. Date July 31 General Journal Debit Credit Clear entry Record entry View general Journal < Prev 5 of 6 Next > Macbook
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