Hi, the question I recieved for homework is "The company has two employees. The manager is paid on the 15th of every month and for work performed during the first hald of the month and on the 1st of the following month for work performed during the second half of the month. His monthly salary is $5,500 . THe other employee is paid $650 for each 5 day work week( Monday-Friday) . The last day of the month fell on a thursday . Prepare adjusting entries." Do I have to make adjusting entries for both the manager and the employee? If I do have to make adjusting entries for both what would it look like for the manager? We never went over making adjusting entries on a monthly basis in class . Thank you for your help
Hi, the question I recieved for homework is "The company has two employees. The manager is paid on the 15th of every month and for work performed during the first hald of the month and on the 1st of the following month for work performed during the second half of the month. His monthly salary is $5,500 . THe other employee is paid $650 for each 5 day work week( Monday-Friday) . The last day of the month fell on a thursday . Prepare
Do I have to make adjusting entries for both the manager and the employee?
If I do have to make adjusting entries for both what would it look like for the manager? We never went over making adjusting entries on a monthly basis in class . Thank you for your help
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