Birch Park Senior Center has a weekly payroll of $30,000. December 31 falls on Thursday, and...

Transcribed Image Text:

Birch Park Senior Center has a weekly payroll of $30,000. December 31 falls on Thursday, and Birch Park Senior Center will pay its employees the following Monday (January 4) for the previous full week Assume Birch Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $540,000. Read the requirements Requirement 1. Record the adjusting entry for accrued salaries on December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)) Date Dec. 31 Accounts and Explanation Debit Credit Requirements 1. Record the adjusting entry for accrued salaries on December 31. 2. Post the adjusting entry to the accounts involved, and show their balances after adjustments. 3. Record the journal entry for payment of salaries made on January 4. Print Done -> X Birch Park Senior Center has a weekly payroll of $30,000. December 31 falls on Thursday, and Birch Park Senior Center will pay its employees the following Monday (January 4) for the previous full week Assume Birch Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $540,000. Read the requirements Requirement 1. Record the adjusting entry for accrued salaries on December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)) Date Dec. 31 Accounts and Explanation Debit Credit Requirements 1. Record the adjusting entry for accrued salaries on December 31. 2. Post the adjusting entry to the accounts involved, and show their balances after adjustments. 3. Record the journal entry for payment of salaries made on January 4. Print Done -> X