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Determine and prepare the adjusting entry at december

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Point 1: A review of the ledger of Splish Brothers Inc. at December 31 produces the following data for the preparation of annual adjusting entries:

Point 2: Salaries and Wages Payable, $0. There are 8 salaried employees. 4 employees receive a salary of $1,170 each per week, and 4 employees earn $900 each per week. Employees do not work weekends. All employees worked two days after the last pay period and before December 31.

Question 1: Prepare the adjusting entry at December 31.

Reference no: EM132476182

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