Question
Sanborn company has 10 employees, who earn total of 3000 in salaries each working day. They are paid on Monday for the five day work
Sanborn company has 10 employees, who earn total of 3000 in salaries each working day. They are paid on Monday for the five day work week ending on the previous Friday. Assume that year ended on December 31 which is a Wednesday and all employed will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is:
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Managerial Accounting Creating Value In A Dynamic Business Environment
Authors: Ronald W Hilton
6th Edition
0071113142, 978-0071113144
