1. There was a payroll of $68,100 paid on 3 January; this covered the period of 30...
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Question:
- 1. There was a payroll of $68,100 paid on 3 January; this covered the period of 30 December to 3 January.
Write the adjusting entry for this. I know that the debit is to wages expense and the credit is to accrued wages payable, however the 68,100 value is incorrect to input for the debit and credit. What is the calculation I must do in this scenario?
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date: