Solved

A Business Pays Its Employees' Monthly Salaries of $20,000, Half

Question 98

Essay

A business pays its employees' monthly salaries of $20,000, half on the 15th day of each month, and half on the first day of the following month. It is now October 31, and the business must make an adjusting
entry to accrue salaries for the second half of October. Please provide that adjusting entry.
A business pays its employees' monthly salaries of $20,000, half on the 15<sup>th</sup> day of each month, and half on the first day of the following month. It is now October 31, and the business must make an adjusting entry to accrue salaries for the second half of October. Please provide that adjusting entry.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: Smith Technical Services is working on a

Q4: An entry that reflects the using up

Q23: If a company is using the accrual

Q86: Accrued revenue is revenue that:<br>A) has been

Q93: Pattie's Event Planning Service has just prepared

Q99: The accountant for Noble Jewelry Repair Services

Q101: Which of the following entries would be

Q111: The accountant for Wilson Consulting Company failed

Q126: At January 1,Smith has $1,200 of supplies

Q152: In accounting,depreciation is the:<br>A) method of spreading