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weamp;#39;re back working on pink ink and accrual adjusting entries we know that we have to provide the adjusting entry as well as the subsequent cash transaction and today is December 31st weamp;#39;re going to record the adjusting entries annually which allows us to determine the amount and weamp;#39;re going to use the balance sheet method Iamp;#39;m going to move the page down number three employees are paid salary of $21,000 every two weeks on Friday the last payment was made on Friday December 18th which included pay up to and including December 18th employees work five days a week Monday to Friday and are paid for all statutory holidays the next pay date is January 1st 2021 whenever were working on any kind of salary question we want to draw a calendar this simply helps us to understand exactly what dates we have to pay attention to so we know that the last time they were paid was the 18th and the next time theyamp;#39;re going to be paid is the first weamp;#39;re standing
