Another Question: The company's policy is to pay its employees every Friday/ Since December 31 fell on a Wednesday, there was an accrued liability for salaries amounting to $2,400
a. Record the necessary adjusting journal entries on December 31, 2011
b. By how much did the companies net income increase or decrease as a result of the entries performed in part
(Ignore Income Taxes)
Should I draw a table answer this question?
Would be great.
Here was my answer to the original question. # 6 or is it the same for a. too?
Okay, let me work it out. Though am having some hitches with my notebook but will send as soon as am through.
Ok thank you
Are you still with me?
Yes I am
Ok I just wanted to make sure I didn't lose you
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