As of Oct 31, employees have not been paid for 3 days of work, totaling $320....

As of Oct 31, employees have not been paid for 3 days of work, totaling $320. The amounts will be paid on Nov 11.

Expert Solution

Solution:

Journal Entries:

Date	General Journal	Debit	Credit
Oct. 31	Salary and Wages Expense	$ 320
	Salary and Wages Payable		$ 320
	(To record salary and wages expense)

Nov. 11	Salary and Wages Payable	$ 320
	Cash		$ 320
	(To record payment of salary and wages )

T-Accounts:

Salary and Wages Expense
Oct. 31	$ 320
End Balance	$ 320

Salary and Wages Payable
Nov. 11	$ 320	Oct. 31	$ 320
		End Balance	$ -

ekkarill92 answered 2 years ago

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