- accounting major
- strep incubation period
Ocular Realty Co. pays weekly salaries of $11,750 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.
b.) Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Thursday.
I understand in the first column of journalizing that I would enter Salaries Expense and in the second column, I enter Salaries Payable. What is the equation for figuring out what amount will be? I appreciate any help. Please have a detailed answer.
a.) Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Wednesday.
b.) Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Thursday.
I understand in the first column of journalizing that I would enter Salaries Expense and in the second column, I enter Salaries Payable. What is the equation for figuring out what amount will be? I appreciate any help. Please have a detailed answer.
Help with Accounting Homework: Adjusting Entries for Accrued Salaries?
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