On December 31,2018,Absolute Services Company prepared the following accrual adjustment:
The company paid salaries amounting to $1,500 on January 7,2019 for the two-week pay period that ended on January 6,2019.Journalize the entries for January 1,2019 and January 7,2019,assuming the company uses reversing entries.Omit explanations.

Question

On December 31,2018,Absolute Services Company prepared the following accrual adjustment:
  The company paid salaries amounting to $1,500 on January 7,2019 for the two-week pay period that ended on January 6,2019.Journalize the entries for January 1,2019 and January 7,2019,assuming the company uses reversing entries.Omit explanations.

Quizplus · Accepted Answer

The Answer of On December 31,2018,Absolute Services Company prepared the following accrual adjustment:
  The company paid salaries amounting to $1,500 on January 7,2019 for the two-week pay period that ended on January 6,2019.Journalize the entries for January 1,2019 and January 7,2019,assuming the company uses reversing entries.Omit explanations.

On December 31,2018,Absolute Services Company Prepared the Following Accrual Adjustment