A company has two employees that get paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
I need to put ^^ in a General Journal
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A company has two employees that get paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
I need to put ^^ in a General Journal
Debit Salaries Expense or Wages Expense for 400 ($100 daily rate * 2 employees * 2 days)
Credit Salaries Payable or Wages Payable for 400
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