Record the adjusting entry for salaries payable (lo3-3) fighting irish incorporated pays its employees $3,220 every two weeks ($230/day). the current two-week pay period ends on december 28, 2021, and employees are paid $3,220. the next two-week pay period ends on january 11, 2022, and employees are paid $3,220. required: record the adjusting entry on december 31, 2021. calculate the 2021 yearend adjusted balance of salaries payable (assuming the balance of salaries payable before adjustment in 2021 is $0).

Record the adjusting entry on December 31, 2021. Calculate the 2021 year end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2021 is $0).

1  

Db Salaries expenses690  

Cr Salaries payable  690

Explanation:

Pays  3220Two Weeks

Pays  230Daily

Dates       ExpensePayable

December 29230  

December 30230  

December 31230  

Janaury 1  230

Janaury 2  230

Janaury 3  230

Janaury 4  230

Janaury 5  230

Janaury 6  230

Janaury 7  230

Janaury 8  230

Janaury 9  230

Janaury 10  230

Janaury 11  230

6902530

1  

Db Salaries expenses690  

Cr Salaries payable  690

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