Clear Cleaning Services pays out wages every week on Friday.Payroll expense totals $4,000 per week,based on a five-day week.The month of June ended on a Thursday.On Thursday,June 30,Clear made the following accrual adjustment:
At the same time,they prepared the following reversing entry to be booked on July 1:
On Friday afternoon,when wages were paid,what journal entry was made?
Definitions:
Hours Studied
The duration of time spent in the activity of studying, typically measured in hours.
Phosphoric Acid
A colorless, odorless phosphorus-containing inorganic acid, commonly used in food processing, dentistry, and to acidify beverages.
Scatterplot
A scatterplot is a type of graph used in statistics to visually display and assess the relationship between two numerical variables by plotting data points on a Cartesian plane.
Acidity
A chemical property that quantifies the level of acidic compounds in a substance, often influencing taste and reactivity.
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