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Question 3 [8 points] The total weekly salaries expense for all of Velor Inc.'s employees is $21,600 for a Monday to Friday workweek. This amount
Question 3 [8 points] The total weekly salaries expense for all of Velor Inc.'s employees is $21,600 for a Monday to Friday workweek. This amount is paid at the end of the day on Friday of each week. June 30 falls on Monday of this year, which means that the employees had worked one day since the last payday. The next payday is July 4. Fill in the journal below to reflect a. The accrued adjustment on June 30. b. The transaction on the July 4 payday. Enter the transaction letter (a) or (b) as the description Dates must be entered in the format dd/mmm (ie. 15/Jan.). General Journal Page GJ8 Date Account/Explanation F Debit Credit + + - +
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