Schofield Fowler
03/22/2024 · Senior High School
Your employees earned \( P 46,000 \) compensation during the last week of December \( 20 \times 1 \). The salaries were paid on the first week of January \( 20 \times 2 \). What is the adjusting entry on December \( 31,20 \times 1 \) ?
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Debit: Salaries Expense \( P 46,000 \)
Credit: Salaries Payable \( P 46,000 \)
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