Marine Company has an accounting fiscal year which ends on September 30. The company also has a policy of paying the weekly payroll on Friday. Payroll records indicate the following salary costs were incurred: Monday Tuesday Wednesday Thursday Friday Date September 28 September 29 September 30 October 1 October 2 Amount $2000 $2400 $3800 $2700 $3100
Marine Company has an accounting fiscal year which ends on September 30. The company also has a policy of paying the weekly payroll on Friday. Payroll records indicate the following salary costs were incurred: Monday Tuesday Wednesday Thursday Friday Date September 28 September 29 September 30 October 1 October 2 Amount $2000 $2400 $3800 $2700 $3100
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter9: Current Liabilities And Contingent Obligations
Section: Chapter Questions
Problem 7RE: Wallace Corporation summarizes the following information from its weekly payroll records during...
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Question
![Marine Company has an accounting fiscal year which ends on September 30. The company
also has a policy of paying the weekly payroll on Friday. Payroll records indicate the
following salary costs were incurred:
Monday
Tuesday
Wednesday
Thursday
Friday
Date
September 28
September 29
September 30
October 1
October 2
Amount
$2000
$2400
$3800
$2700
$3100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16ab363f-8922-41f2-8cd0-8e7271d7afef%2F0821044b-995b-4215-beb1-915effa6e4a9%2Fkxnh6hb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Marine Company has an accounting fiscal year which ends on September 30. The company
also has a policy of paying the weekly payroll on Friday. Payroll records indicate the
following salary costs were incurred:
Monday
Tuesday
Wednesday
Thursday
Friday
Date
September 28
September 29
September 30
October 1
October 2
Amount
$2000
$2400
$3800
$2700
$3100
![Prepare the necessary journal entry that should be made on September 30.
Account
Debit
Credit
1
I
Prepare the journal entry to record the payment of the weekly payroll on October 2.
Account
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16ab363f-8922-41f2-8cd0-8e7271d7afef%2F0821044b-995b-4215-beb1-915effa6e4a9%2Fe6meti_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Prepare the necessary journal entry that should be made on September 30.
Account
Debit
Credit
1
I
Prepare the journal entry to record the payment of the weekly payroll on October 2.
Account
Debit
Credit
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