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. It is now October 15, and the business pays out $10,000 in salaries. Please provide the journal entry for that payment.

Question

A business pays its employees' monthly salaries of $20,000, half on the 15<sup>th</sup> day of each month, and half on the first day of the following month. It is now October 15, and the business pays out $10,000 in salaries. Please provide the journal entry for that payment.

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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. It is now October 15, and the business pays out $10,000 in salaries. Please provide the journal entry for that payment.

A Business Pays Its Employees' Monthly Salaries of $20,000, Half