The balance on the wages account at 30 June 2022 was $20 000. Wages of $350 had
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The balance on the wages account at 30 June 2022 was $20 000. Wages of $350 had been incurred but not paid. The wages paid for the first pay on 4 July totalled $1400.
You are required to prepare the journals on 30 June 2022 for the balance day adjustment and the closing journal.
Post these journals to the wages and expense accrued accounts. For July, prepare and post the reversal journal and post the cash payments journal after payment of the first pay in July, then balance the accounts.
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Wages and Accrued Expense Entries June 30th and July 2022 Balance Day Adjustment June 30 2022 Journa...View the full answer
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Related Book For 
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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