ABC company employs two people who are rostered over a seven-day working week. The employees are paid fortnightly up to and including the day of payment. There are no penalty wages.

Transactions for the month of July 2019 are followed:

7 July Paid wages (ignore PYAG tax) $1,777.00

21 July Paid wages (ignore PAYG tax) $1,692.00

Required:

1. Please record above transactions on General Journal

2. Record the end of the month balance day adjustment in the General Journal

Answer rating: 100% (QA)

Journal Entries for ABC Company General Journal Date Account Debit Credit Description 07072019 Wages ... View the full answer