Prepare the entry to pay the salaries

Assignment Help Cost Accounting
Reference no: EM13555727

Hugo Company has a five-day workweek and pays salaries of \$35,000 each Friday.

1. Prepare the adjusting entry required on May 31, assuming that June 1 falls on a Wednesday.

2. Prepare the entry to pay the salaries on June 3, including amount of salaries payable from requirement 1.

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