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Employees of Farm work Monday through Friday and are paid every Friday for work done that week. The daily payroll is ​$1600​, and the last payday was​ Friday, December 27 . What is the required adjusting journal​ entry, if​ any, on tuesday ​, December​ 31?

User Jamari
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Based on the information provided, the last payday was on Friday, December 27. Since the employees work Monday through Friday and are paid every Friday for work done that week, it can be inferred that the payday includes the work done up until Friday, December 27.

Therefore, there is no required adjusting journal entry on Tuesday, December 31, because the payroll expense for the week ending on December 27 has already been accounted for and recorded.

User Plmk
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