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Sheridan Incorporated has ten employees who work Monday - Friday each week and they are paid every other Friday. Each employee is paid $980 a
Sheridan Incorporated has ten employees who work Monday - Friday each week and they are paid every other Friday. Each employee is paid $980 a week for a 40-hour work week. All ten employees worked 3 days (Monday - Wednesday) which were not yet paid at the end of the month which ended on Wednesday. In preparing the adjusting entries for month end, Sheridan should make what journal entry? debit Salaries and Wages Payable and credit Salaries and Wages Expense, $2940 debit Salaries and Wages Payable and credit Salaries and Wages Expense, $5880 no entry should be made for salaries and wages not paid debit Salaries and Wages Expense and credit Salaries and Wages Payable, $5880 Blossom Company began the year with a balance in the Supplies account of $3150. During the year, Blossom purchased supplies for $23500. An inventory of the Supplies at year-end showed supplies on hand of $4150. Supplies Expense reported on Blossom's income statement for the year is $23500.$30800.$26650.$22500
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