Clear Cleaning Services pays out wages every week on Friday.Payroll expense totals $4,000 per week,based on a 5-day week.The month of June ended on a Thursday.On Thursday,June 30,Clear made the following accrual adjustment:
At the same time,they prepared the following reversing entry to be booked on July 1:
On Friday afternoon,when wages were paid out,what journal entry was made?

Question

Clear Cleaning Services pays out wages every week on Friday.Payroll expense totals $4,000 per week,based on a 5-day week.The month of June ended on a Thursday.On Thursday,June 30,Clear made the following accrual adjustment:
  At the same time,they prepared the following reversing entry to be booked on July 1:
  On Friday afternoon,when wages were paid out,what journal entry was made?

Quizplus · Accepted Answer

The Answer of Clear Cleaning Services pays out wages every week on Friday.Payroll expense totals $4,000 per week,based on a 5-day week.The month of June ended on a Thursday.On Thursday,June 30,Clear made the following accrual adjustment:
  At the same time,they prepared the following reversing entry to be booked on July 1:
  On Friday afternoon,when wages were paid out,what journal entry was made?

Clear Cleaning Services Pays Out Wages Every Week on Friday