Adjusting Entries, Financial Accounting

The company incurs a payroll payable of $645 per weekday of operations. The mondays of january are the 3rd, 10th, 17th, 24th, and the 31st. Paydays are every other Friday with paydays of January 7th & 21st and February 4th for the two weeks ending that date. The friday, january 21st payday is complete and paid with no continuing forward payroll liability. Write the adjusting entry for January 31st
Posted Date: 10/19/2012 2:28:54 PM | Location : United States







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