Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company closes its accounts on day 8 of a ten-da

A company closes its accounts on day 8 of a ten-day payroll period on 31...

80.2K

Verified Solution

Question

Accounting

A company closes its accounts on day 8 of a ten-day payroll period on 31 Dec. The two-week payroll is normally $60,000. It will be next paid on 3 January. Make the journal entries for 31 Dec and 3 January.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Consider the following two scenarios for the economy and the expected returns in each scenario for...

Finance
Q

Please review (in depth) the court case of United States vs. Microsoft. Please list the facts...

Psychology
Q

Explain how the role of the Board of Directors of any corporation has changed in the...

General Management
Q

The problem of occurs on a network when there are several connections between two network...

Biology
Q

Which of the following statements about immigration to the United States during the 19th century...

Biology
Q

35 Assertion A Two protons placed at different distances between the plates of a parallel...

Physics
Q

After being rearranged and simplified, which of the following equations could be solved using the...

Basic Math
Q

Molly Company issues $500,000 in bonds at an issue price of 98. The company will...

Accounting
Q

A lessee's option to purchase a leased asset at a price that is substantially lower...

Accounting
Q

E10-16 (Asset Acquisition) Hayes Industries purchased the following assets and constructed a building as well....

Accounting
Q

In five years, Kent Duncan will retire. He is exploring the possibility of opening a...

Accounting
Q

please help!! Driver Sports Company makes snowboards, downhil skis, cross-courtry...

Accounting