Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The total weekly payroll for Pronghorn Auto Repairs Ltd. is $4,700 ( $940 per day). The payroll is paid every Saturday for employee salaries earned

The total weekly payroll for Pronghorn Auto Repairs Ltd. is $4,700 ( $940 per day). The payroll is paid every Saturday for employee salaries earned during the same five-day workweek (Monday through Friday, inclusive). Salaries were last paid on Saturday, September 25. This year the company's year end, September 30, falls on a Thursday. Salaries will be paid next on Saturday, October 2. (a) Your answer has been saved. See score details after the due date. Prepare the journal entry to record payment of the salaries on September 25. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions