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A Review of The Ledger of Greenberg Corporation at October
A Review of The Ledger of Greenberg Corporation at October
October #8535
A review of the ledger of Greenberg Corporation at October
A review of the ledger of Greenberg Corporation at October 31, 2012, produces the following
unadjusted data for the preparation of annual adjusting entries:
2. Salaries Payable, October 31 unadjusted balance, $0: There are eight salaried employees.
Salaries are paid every Friday for a five-day workweek (Monday-Friday). Six employees receive
a salary of $750 each per week, and two employees earn $600 each per week. October 31 is a
Wednesday.
5. Delivery Truck, October 31 unadjusted balance, $39,000: The Company owns a delivery
truck, purchased for $39,000 on April 1, 2011. The truck has a five-year useful life.
Instructions
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Prepare the adjusting journal entries at October 31, 2012.
ANSWER
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