Dresser Company’s weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week.\nPrepare Dresser’s adjusting entry on Wednesday, Decembe
Dresser Company’s weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week.
\r\nPrepare Dresser’s adjusting entry on Wednesday, December 31, and the journal entry to record the $8,000 cash payment on Friday, January 2.