Discuss the financial statements of the business, Accounting Basics

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Discuss the financial statements of the business

Pratt/Julian Barbeque is a small restaruant in Columbia, Missouri. They employ four part time employees earning $48 each per day.

Their employees are paid every Friday and the financial statements of the business are prepared at the end of each month. The business is only open Monday through Friday to serve the nearby factory workers during their lunch breaks.

This year June 30 fell on a Thursday and the financial statements were prepared as normal. Would Pratt/Julian need to prepare any adjusting entries regarding the part-time employees' payroll, and if so for how much?

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Accounting Basics: Discuss the financial statements of the business

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Accounting Basics: Discuss the financial statements of the business

Reference No:- TGS0691930

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Discuss the financial statements of the business

Reference No:- TGS0691930

Recent Questions Asked Accounting Basics

Q : How much money was invested at each rate

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Q : How much would she record in depreciation expense

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