Homework SourseWTIs two employees are paid weekly As of the end of the year
WTI’s two employees are paid weekly. As of the end of the year, two days salaries have acurred at the rate of $100 per day for each employee.
WTI’s two employees are paid weekly. As of the end of the year, two days salaries have acurred at the rate of $100 per day for each employee.
WTI’s two employees are paid weekly. As of the end of the year, two days salaries have acurred at the rate of $100 per day for each employee.
WTI’s two employees are paid weekly. As of the end of the year, two days salaries have acurred at the rate of $100 per day for each employee.
Solution
Accrued salaries : 2 days *100 per day *2 employees = 400
entry:
| Account | Debit | credit |
| salaries and wage expense | 400 | |
| salaries and wage payable | 400 | |
| [Being salary accrued for 2 days] |
