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Adjusting entries for accrued salaries Stenberg Realty Co. pays weekly salaries of $20,500 on Friday for a five-day work
Posted: Sat Feb 19, 2022 2:34 pm
by answerhappygod
- Adjusting Entries For Accrued Salaries Stenberg Realty Co Pays Weekly Salaries Of 20 500 On Friday For A Five Day Work 1 (54.24 KiB) Viewed 82 times
Adjusting entries for accrued salaries Stenberg Realty Co. pays weekly salaries of $20,500 on Friday for a five-day workweek ending on that day. a. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Wednesday. Account Debit Credit b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Thursday. Account Credit Debit Accounts Payable Cash Salaries Expense Salaries Payable Unearned Salaries