Question: The total weekly payroll for Colada Auto Repairs Ltd. is $5,450 ($1,090 per day). The payroll is paid every Saturday for employee salaries earned during
The total weekly payroll for Colada Auto Repairs Ltd. is $5,450 ($1,090 per day). The payroll is paid every Saturday for employee salaries earned during the same five-day workweek (Monday through Friday, inclusive). Salaries were last paid on Saturday, September 25. This year the company's year end, September 30, falls on a Thursday. Salaries will be paid next on Saturday, October 2. (a) Prepare the journal entry for payment of the salaries on September 25. (List all debit entries before credit entries. Credit account titles are automatically intended when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Sep. 25 Attempts: 0 of 1 used Submit Answer Save for Later
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