Question
MP Ltd.s year end is December 31. The last payroll was on Friday, December 22. Salaries paid on Friday, total $26 000 for all employees
MP Ltd.s year end is December 31. The last payroll was on Friday, December 22. Salaries paid on Friday, total $26 000 for all employees for the 2 weeks prior. There is one more week until December 31. Next pay date is January 5
- Which entries need to be made for December 31?
- What is the journal entry for December 31, 2017?
- Draw T-accounts for the above transaction accounts.
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Advanced Management Accounting
Authors: Tom Groot, Frank Selto
1st Edition
0273730185, 978-0273730187
