What is the adjusting journal entry for accured salaries?

Question

The only information i have is they get paid 500 per day from mon-friday in the month. I also have an invoice from a previous question that says prepare a cheque owing salaries from period sept 1 to sept25. i dont know if that has anythin to do with it or not. Please help!

Answer 1

I have to make some assumptions here. You have paid salaries for the period from Sep 1 to Sep 25 (both dates inclusive) and the year is 2007. The staff don't work on Saturdays.

From Sep 1 to Sep 25 2007, there were 17 working days. At $500 a day, the total salaries would be $8,500. On Sep 25 2007, these salaries were paid. Your entry:
Dr Salaries expense 8,500
Cr Cash 8,500

It's now Sep 30 and you have to close the books for Sep, so you are making an accrual for salaries for the period from Sep 26 to Sep 30. In that period, there were 3 working days. That works out to $1,500. Your entry:
Dr Salaries 1,500
Cr Accrued salaries or Salaries payable 1,500

Answer 2

wan catering paid rm 28,000 every month.
due to unforeseen the salary for the final week amounting to 7000 have not been paid.
prepare adjusting journal entry for wan catering in general journal.