Examlex
Transaction and adjustment data for Doty Company for the calendar year end is as follows:
1. December 24 (initial salary entry): $12,000 of salaries earned between December 1 and December 24 are paid.
2. December 31 (adjusting entry): Salaries earned between December 25 and December 31 are $3,000. These will be paid in the January 8 payroll.
3. January 8 (subsequent salary entry): Total salary payroll amounting to $8,000 was paid.
Instructions
Prepare two sets of journal entries as specified below. The first set of journal entries should assume that the company does not use reversing entries, and the second set should assume that reversing entries are utilized by the company.
Mycenaean
The prehistoric art of the Late Helladic period in Greece, named after the citadel of Mycenae.
Minoan Art
An artistic tradition from the ancient Minoan civilization on Crete, known for its vibrant frescoes, pottery, and sculptures that reflect a society rich in maritime culture and mythology.
Nature
The phenomena of the physical world collectively, including plants, animals, landscapes, and other features and products of the earth, as opposed to humans or human creations.
Snake Goddess
A figurine or symbol observed in Minoan civilization, representing a deity or priestess associated with snakes, possibly indicative of regeneration, fertility, or protection.
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