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Please help asap thank you! Adjusting entries for accrued salaries Stenberg Reaity Co. pays weekly salaries of $18,500 on Friday for a five-day workweek ending
Please help asap thank you!
Adjusting entries for accrued salaries Stenberg Reaity Co. pays weekly salaries of $18,500 on Friday for a five-day workweek ending on that day. a. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Monday. If an amount box does not require an entry, leave it blank. Foedback TCheck My Work Determine the salaries per day based on a five-day work week. Then, multiply that amount by the number of day you need to accrue the wages for: b. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Thursday, If an amount box does not require an entry, leave it blank. Feedoack T Chock My Woek Some types of services used in eaming revenues are paid for affer the service has been performed. In such cases, the expense is increased. When does the accounting period end? Multiply the daily amount times this number of days to obtain the accrual amount in each situation Step by Step Solution
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