Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 11

Milford Corporation pays its employees on the fifteenth of each month.ccrued, but unpaid, salaries on December 31, 2015, totaled $175,000.alaries earned by Milford's employees from January 1 through January 15, 2016, totaled $180,000.
a.repare the necessary adjusting entry for salaries expense on December 31, 2015.
b.ecord the company's payment of salaries on January 15, 2016.