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QS 3 - 1 4 ( Algo ) Accruing salaries LO P 3 Molly Mocha employs one college student every summer in her coffee shop.
QS Algo Accruing salaries LO P
Molly Mocha employs one college student every summer in her coffee shop. The student works for the five weekdays and is paid on the following Monday. For example, a student who works Monday through Friday, June through June is paid for that work on Monday, June The coffee shop makes an adjusting entry each month to show salaries earned but unpaid at monthend. The student works for the last week of July, which is Monday, July through Friday, August If the student earns $ per day, what adjusting entry must the coffee shop make on July to correctly record accrued salaries expense for July?
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