FINANCIAL ACCOUNTING: TOOLS LL W/ ACCES
FINANCIAL ACCOUNTING: TOOLS LL W/ ACCES
9th Edition
ISBN: 9781119493648
Author: Kimmel
Publisher: WILEY
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Chapter 10, Problem 10.6BE

(a)

To determine

Salaries and wages payable

Salaries and wages payable is a payment made to an employee for completion of work allocated by the company. Gross pay is computed by using normal hours worked by the employee with hourly wages rate.

To prepare: The journal entry to record pay for the period as on January 15.

(b)

To determine

To prepare: The journal entry to record payment of wages for the period as on January 15.

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FINANCIAL ACCOUNTING: TOOLS LL W/ ACCES

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How JOURNAL ENTRIES Work (in Accounting); Author: Accounting Stuff;https://www.youtube.com/watch?v=Y-_Q3rANyxU;License: Standard Youtube License