Answered: Dressler Company's weekly payroll paid…

Dressler Company's weekly payroll paid on Fridays totals $8,000. Employees work a 5 day week. Prepare Dresslers adjusting entry on Wednesday December 31.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Dressler Company's weekly payroll paid on Fridays totals $8,000. Employees work a 5 day week. Prepare Dresslers journal entry to record the $8,000 cash payment on Friday January 2.
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