Molly Mocha employs one college student every summer in her coffee shop. The student works the five weekdays and is paid on the following Monday. (For example, a student who works Monday through Friday, June 1 through June 5, is paid for that work on Monday, June 8.) The coffee shop adjusts its books monthly, if needed, to show salaries earned but unpaid at month-end. The student works the last week of July—Friday is August 1. If the student earns $100 per day, what adjusting entry must the coffee shop make on July 31 to correctly record accrued salaries expense for July?
Contact Us Below to Get Tutoring
Tags:what to do with a business administration degree, business administration online degree programs, business administration online degree, online degree in business administration, online degree business administration, online bachelors degree in business administration, online bachelor business administration degree, online degree for business administration, bachelor in business administration online degree, why get a masters degree in business administration, accelerated business administration degree online
