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Williams Company pays each of its two office employees each Friday at the rate of $240 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:

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Answer:

DrSalaries Expense $960

Cr Salaries Payable $960

Explanation:

Based on the information given we were told that the Company pays each of its two office employees each Friday at the rate of $240 per day which means that if the employees worked on both Monday and Tuesday, the month-end adjusting Journal entry to record the salaries earned but unpaid is:

Dr Salaries Expense $960

Cr Salaries Payable $960

Using this formula to Calculate the amount

Amount = Rate per day * Number of days * Number of employees

Let plug in the formula

Amount= $240 * 2 * 2 employees

Amount= $960