3. Dunhelm Ltd pays salaries to it's employees worth $13,000, every 15 calendar days. The last...
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3. Dunhelm Ltd pays salaries to it's employees worth $13,000, every 15 calendar days. The last salary was paid on April 20, next salary payment will be made on May 5. Required: a. Write the adjusting journal entry that should be recorded on April 30. (4 Marks) b. Write the journal entry that should be recored on May 5, when the salary is paid to the employees. (5 Marks) 3. Dunhelm Ltd pays salaries to it's employees worth $13,000, every 15 calendar days. The last salary was paid on April 20, next salary payment will be made on May 5. Required: a. Write the adjusting journal entry that should be recorded on April 30. (4 Marks) b. Write the journal entry that should be recored on May 5, when the salary is paid to the employees. (5 Marks)
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Answer a On 30th April 10 days salary is accrued but not paid Salar... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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