Question

Zoey Bella Company has a payroll of $6,200 for a five-day workweek. Its employees are paid each Friday for the five-day workweek. Journalize the adjusting entry required on December 31, assuming the year ends on a Thursday.

Answer 1

Answer:

Debit Salaries Expense $6,200

Credit Salaries Payable $6,200

Explanation:

Preparation of the adjusting entry required on December 31, assuming the year ends on a Thursday.

Based on the information given the appropriate

adjusting journal entry required on December 31, assuming the year ends on a Thursday will be :

December 31

Debit Salaries Expense $6,200

Credit Salaries Payable $6,200