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-   -   Adjusting entry for salary payable (https://www.askmehelpdesk.com/showthread.php?t=693331)

  • Aug 13, 2012, 08:16 AM
    jenyzel
    Adjusting entry for salary payable
    Payroll for the five-day workweek, to be aid on Friday, is P140,000. The last day of the period is a Wednesday.
  • Aug 13, 2012, 11:18 AM
    pready
    First you need to figure out how much for salaries for 3 days. So take your amount given times 3/5.

    Your accounts for the adjusting entry will be Salaries Expense and Salaries Payable.

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