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Use the information to prepare adjusting entries as of December 31. Assume no other adjusting entries are made during t View transaction list OK Journal

Use the information to prepare adjusting entries as of December 31. Assume no other adjusting entries are made during t View transaction list OK Journal entry worksheet < ences The company has 15 employees, who earn a total of $1,750 in salaries each working day. They are paid each Monday for their work in the five-day workweek ending on the previous Friday. Assume that December 31 is a Tuesday, and all 15 employees worked the first two days of that week. Note: Enter debits before credits. Transaction General Journal Debit Credit : Salaries expense 131,250 Salaries payable 131,250 Record entry Clear entry View general journal

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