Molly Mocha employs one college student every summer in her coffee shop The student works the five Veekdays and is on the following Monday (For example, a student who works Monday through Friday, June through June 5, is paid for that work on Monday, June ) The coffee shop adjusts its books needed to show salaries oamed but unpaid at month endThe student works the last week of Julywhich Monday, July 28, through Friday, August the student eams per day, what adjusting entry must the coffee shop make on July 31 to correctly record accrued salaries expense July?

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Property Insurance

Property insurance protects property from unforeseeable loss or damage and covers property owners' liability. Property insurance provides financial compensation to the property owner or renter in the event of damage or theft, as well as to someone other than the owner or renter if that person is injured on the property. Property insurance covers all risks of damage caused by theft, fire, flood, cyclones, lighting, and natural calamities, among other things. The primary goal of property insurance is to require the property owner to cover the loss. A monthly premium is paid to the insurance company, and in exchange, the insurance company pays for damage based on the agreement stated in the policy. Property insurance protects assets such as a vehicle, auto, car, rental home, house, and valuable property.