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Clear Cleaning Services Pays Out Wages Every Week on Friday

Question 112

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Clear Cleaning Services pays out wages every week on Friday. Payroll expense totals $4,000 per week, based on a 5-day week. The month of June ended on a Thursday. On Thursday, June 30, Clear made the following accrual adjustment: Clear Cleaning Services pays out wages every week on Friday. Payroll expense totals $4,000 per week, based on a 5-day week. The month of June ended on a Thursday. On Thursday, June 30, Clear made the following accrual adjustment: At the same time, they prepared the following reversing entry to be booked on July 1: On Friday afternoon, when wages were paid out, what journal entry was made? At the same time, they prepared the following reversing entry to be booked on July 1: Clear Cleaning Services pays out wages every week on Friday. Payroll expense totals $4,000 per week, based on a 5-day week. The month of June ended on a Thursday. On Thursday, June 30, Clear made the following accrual adjustment: At the same time, they prepared the following reversing entry to be booked on July 1: On Friday afternoon, when wages were paid out, what journal entry was made? On Friday afternoon, when wages were paid out, what journal entry was made?

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