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Prepare adjustment journal for december

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Question - Prepare adjustment journal for December 31, 2021!

(a) Workers in this company receive a salary of $50 per day or $200 for a five-day work week. Salaries are paid every two weeks on Fridays. December 31, 2021 falls on a Wednesday and the following salary payments will be paid on January 9, 2022.

(b) On November 1, 2021, the Company received cash amounting to $16,000 for the delivery of goods which will last until the end of February 2022.

Reference no: EM133182603

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