Problem
Glenn Company has an accounting fiscal year that ends on APRIL 30. The company also has a policy of paying the weekly payroll on Friday. Payroll records indicate the following salary costs were incurred.
Date Amount
Monday APRIL 28 $3,000
Tuesday APRIL 29 3,800
Wednesday APRIL 30 3,300
Thursday MAY 1 3,500
Friday MAY 2 2,400
i. Construct any necessary adjusting journal entries that should be made at year-end on APRIL 30.
ii. Construct the journal entry to record the payment of the weekly payroll on MAY 2.