Answered: Employee salaries of $29,000 for the…

Employee salaries of $29,000 for the month of December will be paid in early January. Prepare the adjusting entry at December 31.

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter10: Payroll Register (pr)

Section: Chapter Questions

Problem 6R: In the space provided below, prepare the journal entry to record the November payroll for all...

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Reviewing payroll records indicates that one-fifth of employee salaries that are due to be paid on the first payday in January, totaling $15,000, are actually for hours worked in December. There was no previous balance in the Salaries Payable account at that time. Based on the information provided, make the December 31 adjusting journal entry to bring the balances to correct.
In the space provided below, prepare the journal entry to record the November payroll for all employees assuming that the payroll is paid on November 30 and that Joness cumulative gross pay (cell I13) is 85,000.
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Adjusting entries: How to write in general journal this? A seven-day (weekly payroll) of 7,000,paid every Friday. December 31 falls on Sunday so the employees will only be paid on January 5,2021.
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Reviewing payroll records indicates that employee salaries that are due to be paid on January 3 include $5,000 in wages for the last week of December. There was no previous balance in the Salaries Payable account at that time. Based on the information provided, make the December 31 adjusting journal entry to bring the balances to correct. If an amount box does not require an entry, leave it blank. Dec. 31