An example of accrued salary

An example of accrued salary - .26 to Feb.28 as salary...

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An example of accrued salary Company Z started its business on Jan.1, 2008. 1. On Jan.25, company Z paid out salary $25,000 for the period Jan.1- Jan.25. 2. On Jan.31, company Z closed its book for January and recorded the six- day salary $6,000 from Jan.26 to Jan.31 as salary expense. 3. On Feb.25, company Z paid out salary $31,000 for the period Jan.26- Feb.25. 4. On Feb.28, company Z closed its book for February and recorded the three-day salary $3,000 from Feb.
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Unformatted text preview: .26 to Feb.28 as salary expense. 5. On Mar.25, company Z paid out salary $28,000 for the period Feb.26-Mar.25. 6. On Mar.31, company Z closed its book for March and recorded the six-day salary $6,000 from Mar.26 to Mar.31 as salary expense. Cash = Salary Payable-Salary expense-25,000 Jan. expense-25,000 6,000-6,000-31,000-6,000 Feb. expense-25,000 3,000-3,000-28,000-3,000 Mar. -25,000 expense 6,000-6,000...
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An example of accrued salary - .26 to Feb.28 as salary...

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