Can anyone help me out with this journal entry please..
Please calculate the proper amount for each adjusting entry as of 12/31/2005 and write the correct journal entry for each of the scenarios shown below for Smith and Waters, Inc.
Payroll pay period is calculated on a Thursday to Wednesday schedule and paid on the Friday. The final Wednesday is December 28 leaving 2 days unpaid. Total weekly salary is $50,000. Payroll taxes are 27.65% of the payroll paid
Thank you :confused: