Prepare the adjusting journal entries for Freezy-Freese Inc….
Prepare the adjusting journal entries for Freezy-Freese Inc. as of 12/31/2023. Employees of Freezy-Freese earned salaries the last week of the year, but were not paid until January 3, 2024. The total amount earned was $600 total for the six days from December 28, 2023 – January 2, 2024. Assume that salaries were earned evenly throughout the week (same amount each day).