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:
Concrete Operational
A stage in cognitive development, according to Piaget, where children aged 7 to 12 years become capable of logical thinking but are still focused on concrete objects and real events.
Piaget
Refers to Jean Piaget, a Swiss psychologist famous for his theories of cognitive development in children, which outline how intellectual growth occurs through stages.
Upper Respiratory Problems
Health issues affecting the nose, throat, and bronchial tubes, including common colds, sinusitis, and laryngitis.
Injury By Accident
Harm or damage that occurs unintentionally as a result of an unexpected event or incident.
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