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  3. a business has a september 30 year end. september

A business has a September 30 year end. September 30 is a Thursday. Three employees...

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Accounting

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A business has a September 30 year end. September 30 is a Thursday. Three employees works for $2,875 each per five-day work week. The were last paid on Friday, Sept. 24 (Monday to Friday pay period) and will next be paid in two weeks on Friday, Oct. 8. Prepare the year end adjusting entry. Do NOT use commas or dollar signs in your response. Debit to Credit to Prepare the subsequent cash entry of the payment for October 8. Debit to Salaries Payable Credit to Supplies Supplies Accounts payable Rent expense Insurance expense Interest payable Prepaid Expenses Interest receivable Interest revenue Notes receivable Interest expense Service Revenue Salaries Payable Salaries expense Accounts Receivable Supplies expense Utility expense Unearned revenue Cash Notes payable

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