Dino's Pizza employs 10 workers in its plant. Each employee is paid $8 per hour and works 8 hours per day, Monday through Friday. Employees are paid every Wednesday for the previous Monday through Friday workweek. The last payday was Wednesday, May 28.
A Compute the dollar amount of the weekly payroll.
B What is the effect on the accounting equation of the adjusting entry required on Friday, May
30, the last day of Dino's Pizza fiscal period?
C What special precautions are necessary upon recording the payment of wages to employees on the next payday, June 4?

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The Answer of Dino's Pizza employs 10 workers in its plant. Each employee is paid $8 per hour and works 8 hours per day, Monday through Friday. Employees are paid every Wednesday for the previous Monday through Friday workweek. The last payday was Wednesday, May 28.
A Compute the dollar amount of the weekly payroll.
B What is the effect on the accounting equation of the adjusting entry required on Friday, May
30, the last day of Dino's Pizza fiscal period?
C What special precautions are necessary upon recording the payment of wages to employees on the next payday, June 4?

Dino's Pizza Employs 10 Workers in Its Plant