Gunner Company had total compensation expense for April of $57,000. The company paid $50,000 to...
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Gunner Company had total compensation expense for April of $57,000. The company paid $50,000 to employees during April, and it will pay the remainder in May. Requirements 1. Prepare the journal entry for recording the compensation expense for April. 2. Suppose salaries and wages payable were $6,000 at the beginning of April. Compute salaries and wages payable at the end of April. Requirement 1. Prepare the journal entry for recording the compensation expense for April. (Record debits first, then credits. Explanations are not required.) Date Accounts Debit Credit Requirement 2. Suppose salaries and wages payable were $6,000 at the beginning of April. Compute salaries and wages payable at the end of April. Accrued salaries and wages payable at the end of April is $
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