Answer Happy

Dallison Company has an accounting fiscal year, which ends on June 30. The company also has a policy of paying the weekly payroll on Friday. Payroll records indicate the following salary costs were incurred. Date Amount Monday June 28 $3,200 Tuesday June 29 2,800 Wednesday June 30 2,900 Thursday July 1 3,000 Friday July 2 2,600 (a) Your answer is partially correct. Indicate the change in each account affected (Increase or Decrease), the account title for each account affected, and the amount. Show any necessary adjustments that should be made at year-end on June 30. Date Increase/Decrease Account Title Amount June 30 Decrease v Salaries and Wages Payable Increase Salaries and Wages Expense