journal entry worksheet\n< 1 2 3 4 5 6 >\ntotal weekly salaries expense for all employees is $15,000. this…

journal entry worksheet\n< 1 2 3 4 5 6 >\ntotal weekly salaries expense for all employees is $15,000. this amount is paid at the end of the day on friday of each five - day workweek. april 30 falls on tuesday, which means that the employees had worked two days since the last payday. the next payday is may 3. prepare the required adjusting entry, if\nnote: enter debits before credits.\ndate general journal debit credit\napril 30

journal entry worksheet\n< 1 2 3 4 5 6 >\ntotal weekly salaries expense for all employees is $15,000. this amount is paid at the end of the day on friday of each five - day workweek. april 30 falls on tuesday, which means that the employees had worked two days since the last payday. the next payday is may 3. prepare the required adjusting entry, if\nnote: enter debits before credits.\ndate general journal debit credit\napril 30

Answer

Explanation:

Step1: Calculate daily salary expense

The total weekly salary expense is $15,000 for a 5 - day workweek. So the daily salary expense is $\frac{15000}{5}=3000$.

Step2: Determine the accrued salary expense for 2 days

Since employees worked 2 days since the last payday, the accrued salary expense is $3000\times2 = 6000$.

Step3: Record the adjusting entry

We need to debit Salaries Expense to recognize the expense and credit Salaries Payable to record the liability.

Answer:

Date General Journal Debit Credit
April 30 Salaries Expense 6000
April 30 Salaries Payable 6000