May 2021 1 184 Report
How to Adjust Journal Entries?

I'm currently in an introductory accounting course and I’m having difficulty with adjusting entries. Based on the information I have I have to prepare a journal entry for it and I still have no clue. The transaction is:

The company’s Managing Director, who earns $800 per day, worked the last six days of the year and will be paid on January 4th.

Any help would be really appreciated. Thank you!

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