A company pays its employees $5,600 every two weeks ($400/day).The current two-week pay period ends on December 26,2015,and employees are paid $5,600.The next two-week pay period ends on January 9,2016,and employees will be paid $5,600.Record the adjusting entry on December 31,2015.

Question

Quizplus · Accepted Answer

The Answer of A company pays its employees $5,600 every two weeks ($400/day).The current two-week pay period ends on December 26,2015,and employees are paid $5,600.The next two-week pay period ends on January 9,2016,and employees will be paid $5,600.Record the adjusting entry on December 31,2015.

A Company Pays Its Employees $5,600 Every Two Weeks ($400/day)