Match each transaction with the type of entry that will be required at April 30,the company's year-end.
-The weekly payroll of $5,000 to be paid next week is recorded.

Question

Quizplus · Accepted Answer

This transaction requires an accrual adjusting entry because the expense of the weekly payroll needs to be recorded in the current period even though it will be paid out in the following period.

Match Each Transaction with the Type of Entry That Will