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Saved Fighting Irish Incorporated pays its employees $2,800 every two weeks ($200/day). The current two-week pay period ends on December 28, 2021, and employees
Saved Fighting Irish Incorporated pays its employees $2,800 every two weeks ($200/day). The current two-week pay period ends on December 28, 2021, and employees are paid $2,800. The next two-week pay period ends on January 11, 2022, and employees are paid $2,800. Required: 1. Record the adjusting entry on December 31, 2021. 2. Calculate the 2021 yearend adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2021 is $0). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record the adjusting entry on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the adjusting entry on December 31, 2021. Note: Enter debits before credits. Date December 31, 2021 General Journal- Debit Credit Previ Next >
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