Question
Notes: You must make a Journal Entry for each transaction below. January Paydays: 15th and 29th. Enter for the Store clerk only. The store clerk
Notes: You must make a Journal Entry for each transaction below. January Paydays: 15th and 29th. Enter for the Store clerk only. The store clerk makes $80.00 per day, Monday through Friday. Pay periods are from Monday through Sunday. Paydays are every other week (bi-weekly) on Fridays for the previous two pay periods (weeks). There will be no deductions from the paycheck for the store clerk. Store Clerk started on January 4th, 2021. How many days of wage accrual for January?
J-1 - On January 1, 2021, Max Kolbe invested $12,000 of his own money to become the majority stockholder of CWS and to encourage other investors to buy stock.
J-2 - On January 1, 2021, CWS issued $10,000 of common stock.
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