Accrued Wages and Payment of Payroll
Hansen Legal offices are open Monday through Friday, and Hansen pays employees salaries of $35,000 every other Friday. During the current year December 31 falls on a Wednesday, and the next payday is January 7.
Required:
Given this information, determine the adjusting journal entry that Hansen must make on December 31 as well as the journal entry to record the payment of the payroll on January 7.
Accounting Information Systems
Financial & Managerial Accounting
Corporate Financial Accounting
Foundations of Business (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Probability and Statistics for Engineering and the Sciences
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Principles of Microeconomics (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Principles of Economics (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Financial And Managerial Accounting
Principles of Information Systems (MindTap Course List)
Fundamentals of Information Systems
Fundamentals of Information Systems
Principles of Information Security (MindTap Course List)
A Guide to SQL
Database Systems: Design, Implementation, & Management
Database Systems: Design, Implementation, & Management
Mechanics of Materials (MindTap Course List)
Precision Machining Technology (MindTap Course List)
Automotive Technology: A Systems Approach (MindTap Course List)
Fundamentals of Geotechnical Engineering (MindTap Course List)
Principles of Information Systems (MindTap Course List)
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
Management Of Information Security
Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
Solid Waste Engineering
Fundamentals of Chemical Engineering Thermodynamics (MindTap Course List)
Principles of Geotechnical Engineering (MindTap Course List)
Electric Motor Control
International Edition---engineering Mechanics: Statics, 4th Edition
EBK ELECTRICAL WIRING RESIDENTIAL
Automotive Technology
Steel Design (Activate Learning with these NEW titles from Engineering!)
Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)
Structural Analysis
Network+ Guide to Networks (MindTap Course List)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Accounting Information Systems
Intermediate Accounting: Reporting And Analysis
Accounting (Text Only)
Cornerstones of Cost Management (Cornerstones Series)
Survey of Accounting (Accounting I)
Financial Accounting
College Accounting (Book Only): A Career Approach
College Accounting, Chapters 1-27
Managerial Accounting: The Cornerstone of Business Decision-Making
Financial & Managerial Accounting
Financial Accounting
PAYROLL ACCT.,2019 ED.(LL)-TEXT
College Accounting (Book Only): A Career Approach
Corporate Financial Accounting
Managerial Accounting
Contemporary Marketing
Understanding Management (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
Microeconomics
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Economics (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Management, Loose-Leaf Version
MACROECONOMICS FOR TODAY
Micro Economics For Today
Exploring Economics
Macroeconomics
Purchasing and Supply Chain Management
Essentials of Economics (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
MKTG 12:STUDENT ED.-TEXT
Principles of Microeconomics
Economics For Today
Principles of Macroeconomics (MindTap Course List)