Armstrong Services Has a Weekly Payroll of $50,000

question 20

Essay

Armstrong Services has a weekly payroll of $50,000.December 31 falls on Thursday and Armstrong will pay its employees the following Monday (January 4)for the previous full week.Assume that the company has a five-day workweek and has an unadjusted balance in Salaries Expense of $845,000 at December 31.Prepare the January 4 journal entry.Reversing entries are not made.

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Definitions:

Output Devices

Hardware components that display or project information from a computer or other electronic device to the user, including monitors, printers, and speakers.

IT Technicians

Professionals responsible for installing, maintaining, and solving problems related to computer systems and other technological equipment.

AC To DC

Refers to the conversion of alternating current (AC) electricity into direct current (DC) electricity, a common necessity for powering electronic devices.

Power Supply

A component that provides the necessary electrical power to operate a device, converting mains AC to low-voltage regulated DC power for the internal components of a computer.