The company employs a single employee who works all five weekdays and is paid on the following Monday. The employee works the entire week ending on Friday, December 30. The employee earns $800 per day. Complete the necessary December 31 journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.

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A: given that,  company pays employees $24350

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A: Journal entry represents the entry where the financial transactions are recorded.

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A:

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A: Payroll:Payroll is the list of employees of the company that are entitled to receive pay and the…

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A: Journal entries are made to record the transactions as the first process in the books of accounts…

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A: 1)                                                                   Payroll Register

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A: From Monday to Wednesday = 3 days Salaries expense has been accrued for 3 days till December 31.

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Q: identify one weakness of the system.

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A:

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A: Journal: Recording of a business transactions in a chronological order.

Q: ) Journalize the payroll entry for the week. DATE   Debit Credit X/X…

A:

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A:

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A: Payroll accounting is a method of keeping track of business costs associated with payroll. Payroll…