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Total weekly salaries expense for all employees is $13,000. This amount is paid at the end of the day on Friday of each five-day workweek.
Total weekly salaries expense for all employees is $13,000. This amount is paid at the end of the day on Friday of each five-day workweek. April 30 falls on a Tuesday, which means that the employees had worked two days since the last payday. The next payday is May 3.
Journal entry worksheet Record the payment of salaries. Note: Enter debits before credits. General Journal Debit Credit Date May 03
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