Ash Realty Co. pays weekly salaries of $3,700 on Friday for a five-day workweek ending on that

Question:

Ash Realty Co. pays weekly salaries of $3,700 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends
(a) On Wednesday, October 20
(b) On Thursday, October 21.
Journalize the entries at payment assuming the period ended
(c) On Wednesday
(d) On Thursday.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

Question Posted: