Question
Park Senior Center has a weekly payroll of $25,000. Dec.31 falls on Tuesday, and Park Senior Center will pay its employees Monday(Jan.6) for the previous
Park Senior Center has a weekly payroll of $25,000. Dec.31 falls on Tuesday, and Park Senior Center will pay its employees Monday(Jan.6) for the previous full week. Assume Park Senior Center has a five -day work week and has an adjusted balance in salaries expense of $600,000.
Record the adjusting entry for accrued salaries on Dec. 31.
Post the adjusting entry to the accounts involved. Show balances after adjustments.
Record the journal entry for payment of salaries made on Jan.6
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Security Audit And Control Features SAP ERP
Authors: Deloitte Touche Tohmatsu Research Team And Isaca
3rd Edition
1604201150, 978-1604201154
