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Record the adjusting entry necessary abt associates pays

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Abt Associates pays their employees every other Friday. The last pay date for 2019 was December 27, 2019. On that day, the company paid the employees $111,000. Between December 27 and December 31, employees earned additional amounts of $46,000 which will be paid on January 3, 2020. Between January 1 and January 3, employees earned additional amounts of $14,000 which will also be paid on January 3, 2020.

Problem a. Record the adjusting entry necessary at December 31, 2019.

Reference no: EM132461049

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