ACCOUTING PRIN SET LL INCLUSIVE
ACCOUTING PRIN SET LL INCLUSIVE
14th Edition
ISBN: 9781119815327
Author: Weygandt
Publisher: WILEY
Question
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Chapter 11, Problem 8BE

(a)

To determine

Journal entries: Companies need to prepare the journal entries to record the financial transactions during each accounting period. These journal entries are recorded based on the dual entry system. There must be an equal and opposite credit for every debit and same applies for every credit as well.

To journalize: B’s pay for the period when it’s due.

(b)

To determine

To journalize: B’s pay for the period when company made the payment.

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