OS 3-21 Preparing adjusting entries (annual) -accrued salaries [ LO4

Ajani manages his Ethiopian Coffee House and hires a student each summer in his coffee shop. The student works the five weekdavs and is paid the following Monday. The coffee shop completes financial statements monthly and shows salaries earned but not paid at month-end The last week of July begins with Monday, July 28, and ends with Friday, August 1. If the student earns $100 per day, what adjusting entry must be made on July 31 to recognize accrued wages?

Ajani manages his Ethiopian Coffee House and hires a student each summer in his coffee shop. The student works the five weekdays and is paid the following Monday. The coffee shop completes financial statements monthly and shows salaries earned but not paid at month-end. The last week of July begins with Monday, July 28, and ends with Friday, August 1 . If the student earns $100 per day, what adjusting entry must be made on July 31 to recognize acerued wages