Question

Oscar Incorporated has a five-day workweek and pays salaries of $70,000 each Friday.
1. Prepare the adjusting entry required on May 31, assuming that June 1 falls on a Wednesday.
2. Prepare the journal entry to pay the salaries on June 3, including the amount of salaries payable from requirement 1.



$1.99
Sales1
Views201
Comments0
  • CreatedSeptember 10, 2014
  • Files Included
Post your question
5000