Calculate payroll accrual reversals and new accrual bookings for biweekly payroll cycles, taking into account working days, holidays, and weekends.
$100,000
Working Days Calculation
Total Days in January
31
Working Days in Month
22
Working Days in Previous Month
20
Working Days in Next Month
21
Daily Payroll Rate
$10,000
Expense This Month
$220,000
Reverse Previous Accrual
$200,000
Book New Accrual
$230,000
Journal Entry
Account
Debit
Credit
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