Fighting Irish Incorporated pays its employees $$5,180$ every two weeks $($$$370/$day$).$ The current two$-$week pay period ends on December $28,2024,$ and employees are paid $$5,180.$ The next two$-$week pay period ends on January $11,2025,$ and employees are paid $$5,180.$

Record the adjusting entry on December $31,2024.$

Calculate the $2024$ year$-$end adjusted balance of Salaries Payable $($assuming the balance of Salaries Payable before adjustment in $2024$ is $$0).$

Answer rating: 100% (QA)

To record the adjusting entry for Salaries Payable on December 31 2024 we need to account for the un... View the full answer