Magnolia Tree Service Has a Weekly Payroll of $50,000

question 134

Essay

Magnolia Tree Service has a weekly payroll of $50,000.December 31,2016 falls on Thursday and Magnolia will pay its employees the following Monday (January 4,2017)for the previous full week.Assume that Anthony has a five-day workweek and has an unadjusted balance in Salaries Expense of $845,000.Prepare the December 31,2016 adjusting entry.

---

Definitions:

Social Media

Platforms and websites where individuals can share content, interact, and create communities around shared interests or personal connections.

NASW PACE

National Association of Social Workers Political Action for Candidate Election, a committee working to endorse and financially support candidates who support social workers' values.

Endorsement Criteria

The set of standards or requirements that must be met for an individual or product to receive public support or approval.

Social Work Community

A group of professionals dedicated to improving the wellbeing of individuals and communities through direct service, advocacy, and empowerment.