Question

Choi Company had total compensation expense for March of $40,000. The company paid $30,000 to employees during March, and it will pay the remainder in April.
1. Prepare the journal entry for recording the compensation expense for March.
2. Suppose salaries and wages payable were $8,000 at the beginning of March. Compute salaries and wages payable at the end of March.



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  • CreatedFebruary 20, 2015
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