A business pays its employees' monthly salaries of $20,000,half on the 15^th day of each month,and half on the first day of the following month.On October 31,the business accrued salaries for the second half of October.On November 1,the business paid their employees $10,000 for the second half of October.Please provide the journal entry for the payment made on November 1.
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Question

A business pays its employees' monthly salaries of $20,000,half on the 15^th day of each month,and half on the first day of the following month.On October 31,the business accrued salaries for the second half of October.On November 1,the business paid their employees $10,000 for the second half of October.Please provide the journal entry for the payment made on November 1.

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Quizplus · Accepted Answer

The Answer of A business pays its employees' monthly salaries of $20,000,half on the 15^th day of each month,and half on the first day of the following month.On October 31,the business accrued salaries for the second half of October.On November 1,the business paid their employees $10,000 for the second half of October.Please provide the journal entry for the payment made on November 1. $$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \ \hline \ \hline \end{array}$$

A Business Pays Its Employees' Monthly Salaries of $20,000,half on the 15th

A Business Pays Its Employees' Monthly Salaries of $20,000,half on the 15^th