Question

35. JHJ Rental Car Company pays its employees weekly $5,000for an workweek on Friday. Required: Utilizing the calendar listed above record- Payment of regular payroll on December 27 en • Adjusting entry required on December 31 • Subsequent entry upon payment of salaries on January 3, 2018. 36. JHJ Rental Car Company pays its employees weekly $10,000 for a five day workweek on Friday. Required: Utilizing the calendar listed above record- silu batues • Payment of regular payroll on December 27 1991 to nemys Adjusting entry required on December 31 pats nub Subsequent entry upon payment of salaries on January 3, 2018.

Answer 1

Page ① DATE PAGE 35 Date General Journal Debit ($) Credit (6) Dec 27 $ 5000 Salary Expense To Cah record payment of salary) $5000 (To Dec 31 $2000 expens Salary expense To salary (5000 y 2). Payable $ 2000 (To record salary expense accrued but not par Jan 3 - $3000 $ 2000 $ Sooo Salary expense Salary Payable - To Cash (To record salory experte and payment of salary payable for the week)

Page @ DATE PAGE Part 3 Date - General Journal Debit ($) Credit ($) Dec 27 sense $10000 Salory Expense To cash (To sword payment of salary) $10000 oss Dec 31 $ 4000 Salary expense To salary ( 10000 x 2) Payable $ 4000 (To record salory expense accrued but not paid) Jan 3 - Salary salary 6000 $ 4000 $10000 (To record payment for the expense volo Payable To Cart salory expense & of salary payable week)