We-Sell Realty Co. pays weekly salaries of 11,800 on Friday for a five-day workweek ending on...
Homework Answers
Well the entry would be as simple as that,
But there is a small assumption as to which day the payment is being made, I am taking it as Friday itself, that is period ending on Friday only. And there are no withholding taxes and all.
The entry would be
Salary expense ______Dr 11,800
To__Salary payable 11,800
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