Solved

Clear Cleaning Services Pays Out Wages Every Week on Friday

Question 161

Essay

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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents