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Question 5 of 7 -17 Crane Company has an accounting fiscal year that ends on June 30. The company also has a policy of
Question 5 of 7 -17 Crane Company has an accounting fiscal year that ends on June 30. The company also has a policy of paying the weekly payro on Friday Payroll records indicate the following salary costs were incurred. Date Amount Monnay O June 28 $3,400 Tuesday June 29 4,200 Wednesday June 30 2,800 Thursday Friday July 1 3,400 July 21 2,800 The company also purchased a used car at the beginning of the month (June 1) for $6,600 cash. The vehicle has a useful life of 5 years. (a) Prepare any necessary adjusting journal entries that should be made at year end on June 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Date Account Titles and Explanation June 30 June 30 (To accrue salaries incurred but not yet paid.) (To record depreciation.) Debit Credit
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