76A business pays its employees’ monthly salaries of $20,000, half on the 15th day of each month, and half on the first day of the following month. It is now October 15, and the business pays out $10,000 in salaries. Please provide the journal entry for that payment.
77A business pays its employees’ monthly salaries of $20,000, half on the 15th day of each month, and half on the first day of the following month. It is now October 31, and the business must make an adjusting
78A business pays its employees’ monthly salaries of $20,000, half on the 15th day of each month, and half on the first day of the following month. On October 31, the business accrued salaries for the second half
79A business hired a repairman to overhaul their plumbing system. The repairman began working on September 15, and will finish the work on October 15. The business will pay him $4,000 when the work is completed. As of September 30, the work was 50% complete, and the business made an adjusting entry to accrue repair expense as of the end of September. Please provide that adjusting entry.
80A business hired a repairman to overhaul their plumbing system. The repairman began working on September 15 and finished the work on October 15. The business agreed to pay him $4,000 when the work was completed. As of September 30, the work was 50% complete, and the business made an adjusting entry to accrue repair expense as of the end of September. On October 15, the job was done and the business paid the repairman in full. Please provide the journal entry for the cash payment on October 15.