Solved

Clear Cleaning Services Pays Out Wages Every Week on Friday

Question 75

Essay

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?

Correct Answer:

verifed

Verified

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

Related Questions