Kiddle Incorporated has a five-day workweek and pays salaries of $70,000 each Friday
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Kiddle Incorporated has a five-day workweek and pays salaries of $70,000 each Friday
First you have to figure out the amount of your adjusting entry for 2 days. Mon and Fri. So take your salaries for a five day workweek times 2 days divided by 5 days equals your adjusting entry amount.
Your accounts will be Salaries Expense and Salaries Payable
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