Dino's Pizza employs 10 workers in its plant.Each employee is paid $8 per hour and works eight 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. ?
B. What is the effect on the accounting equation of the adjusting entry required on Friday, May 30 , the last day of Dino's fiscal period? C. What special precautions are necessary up on recording the payment of wages to employees on the next payday, June 4 ?
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