Answer:Please see answer in explanation column
Explanation:
A) Journal to record accrued salaries on April 30, which is a pay day
Date Accounts Debit Credit
April 30 Salaries expense $4000
Salaries Payable $4,000
Calculation:
salaries expense = Principal amount x period (which fell on tuesday)
= 10,000 x 2/5 = $4,000
b) Journal to record accrued salaries on April 30 and current salaries on May 3
Date Accounts Debit Credit
May 3 Salaries Payable $4000
Salaries expense $6,000
Cash $10,000
Calculation:
salaries expense = Principal amount x period(remaining 3 day work period)
= 10,000 x 3/5 = $6,000
