A company pays its employees $2,100 each Friday, which amounts to $420 per day for the five-day workweek that begins on Monday. If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is: ____ $2,100 _____ $420 _____ $840 _____$ 1,260

Q: Wok On Water, Inc.'s employees had worked during its first month of May and earned $8,000. Wok on…

A: As per the accrual method of accounting Expense Incurred in accounting period period must be charged…

Q: K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The…

A: Social security tax is 6% Medicare tax is 1.5% Computer programmer worked 53 hours administrator…

Q: Blossom Co. began operations on January 2, 2020. It employs 13 people who work 8-hour days. Each…

A: Paid leave is the leave which is provided to employee in which the employees are eligible to get pay…

Q: A company pays its employees $3,700 each Friday, which amounts to $740 per day for the five-day…

A: Salaries earned but unpaid = Number of working days worked * Rate per day Rate / amount per day = $…

Q: Floatin Away Company has three employees a consultant, a computer programmer, and an administrator.…

A: Gross Pay: The total amount of salary, wages, overtime, commission, bonus paid by the employer to…

Q: Employees at Majan Company pays salaries of $30,000 every other Friday for working Monday through…

A: The amount of expenses is the amount accrued in that period and it is different from the amount…

Q: Gross Pay

A: Gross Pay is the total amount of earnings of the employee.

Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…

A: Wages expense per day = Total wages for a week / No. of working day in a week Accrued expense at the…

Q: "Pablo Management has five employees, each of whom earns $250 per day. They are paid on Fridays for…

A: Journal entries are prepared to record the financial and non financial transaction of the business.

Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…

A: The accrued wages are the wages that are due to be paid but not paid during the period.

Q: Pablo Management has five employees, each of whom earns $250 per day. They are paid on Fridays for…

A:

Q: Mason Painting Services has a weekly payroll of $25,000. December 31 falls on Wednesday and Mason…

A: Payroll represents the wages paid to the employees of the company. It is posted as salaries expense.

Q: Jerri's Mason Supply Company has four employees who are paid on a weekly basis receiving time and a…

A: A record is often recorded in the main ledger; however, it may also be entered in a subsidiary…

Q: Zoey Bella Company has a payroll of $6,540 for a five-day workweek. Its employees are paid each…

A: Adjusting entries are prepared at the end of the accounting period in order to ensure the accrual…

Q: Dresser Company’s weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week.…

A: Journal Entry:   It is a systematic record of a financial transaction of an organization recorded in…

Q: At Vision Club Company, office workers are employed for a 40-hour workweek on either an annual or a…

A: Calculate the annual salary of Employees LR, RB, & GL.

Q: Accountants Plus has a 5 day work week (Monday through Friday) and pays its employees every other…

A: Salary means the award an employee gets from employer for working in its business enterprises. Any…

Q: Hickory Park Senior Center has a weekly payroll of $5,000. December 31 falls on Thursday, and…

A: An adjusting entry is an entry made at the close of an accounting cycle in a business's accounting…

Q: X Company pays its employees twice a month, on the 15th and the 28th. On April 15, it paid employee…

A: SOLUTION- Salary payable can be attributed to the type of payroll journal entry that shall be used…

Q: K. Mello Company has three employees-a consultant, a computer programmer, and an administrator. The…

A: Gross Pay - It is total of amount of wages / salary which do not include any kind of deductions…

Q: Fishing Guides Co. has four employees. FICA Social Security taxes are 6.2% of the first $137,700…

A: Payroll: It implies to the list consisting the name of the employees and the amount that is required…

Q: Below is an Unadjusted Trial Balance for Brenner's Bonsai Tree Company   Prepare the adjusting…

A: Journal entries means the book of prime entry incuding debit and credit item. Adjusting entry means…

Q: 4. Barnes Company has 20 employees who are each paid $80 per day for a 5-day workweek. The employees…

A: All the transactions of the company that are happened during the year will be recorded first in the…

Q: Pablo Management has five employees, each of whom earns $250 per day. They are paid on Fridays for…

A:

Q: Garn Corp. has six employees. Each earns $500 per week for a five day work week payable every…

A:

Q: Alpine Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The…

A: What is payroll? It is a register that shows the total amount to be paid to the employees during a…

Q: On January 25, Choo Choco Factory hired an employee who works five days a week from Monday to Friday…

A: Answer: Option b

Q: On Friday of each week, Cobolt Ltd pays its factory personnel weekly wages amounting to $2,500 for a…

A: Accrued wages at the end of a particular period represent the amount of wages that are earned by the…

Q: 1. Paid $162,000 for salary up to 9th March (Tuesday). All employees work a five-day week and are…

A: Accounting journal is the first place where financial transactions are recorded for an organization.…

Q: Robert LaClerq is paid a regular wage of $9.50 an hour, overtime at the rate of 12 times the regular…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Jerri's Mason Supply Company has four employees who are paid on a weekly basis receiving time and a…

A: Journal entries refers to the systematic documentation of the financial transactions of a company in…

Q: During the past week, four employees of Lovo Inc. worked the number of hours shown in the table. All…

A: Hourly rate: It is the rate per hour for the payment of wages to the employee

Q: K. Mello Company has three employees—a consultant, a computer programmer, and an administrator. The…

A: Social tax security is a compulsory contribution of employer and employee. It funds the retirement,…

Q: FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid…

A: Wages expense per day = Total wages for a week / No. of working day in a week Accrued expense at the…

Q: Coronado Candies paid employee wages on and through Friday, January 26, and the next payroll will be…

A: >Adjusting entries are recorded, as part of completion of accounting cycle. >These are…

Q: Robert LaClerq is paid a regular wage of $9.50 an hour, overtime at the rate of 12 times the regular…

A: Its given that, over-time hours are :- all hours worked over 8 hours in a week day hours worked on…

Q: Metlock, Inc. employs a 5-day workweek and a September 30 year-end. Normal weekly wages amount to…

A: In the given question it is assumed that salary is paid weekly to the employees At the end of the…

Q: Perill Co. has a five-day workweek (Monday through Friday). Employees earn $650 per day. If the…

A: Wage expense accrued on Wednesday = Wages per day x no. of days

Q: What amount will Jenny Company report as wages payable on their balance sheet on December 31?

A: Total Wages for the month of December = $550000 Amount paid before year end = $420000 Amount Payable…

Q: Bloom's Company pays biweekly salaries of $40,000 every other Friday for a ten-day period ending on…

A: As per accrual method of accounting expenses which are incurred in a period has to be recorded in…

Q: Pablo Management has two employees, each of whom earns $230 per day. They are paid on Fridays for…

A: Adjusting journal entry: At year end when company finalise its accounts then any unrecognized income…

Q: Robert LaClerq is paid a regular wage of $9.50 an hour, overtime at the rate of 12 times the regular…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: 3. During one week, three employees of the Snowshoe Lodge worked the number of hours shown below.…

A: Here in this question, we are required to calculate the regular earning, overtime earning and gross…

Q: Mason Painting Services has a weekly payroll of $30,000. December 31 falls on Wednesday and Mason…

A: Types of Accounts: Assets accounts Liabilities accounts Capital account Revenue accounts Expenses…

Q: Majan Company paid employee wages on Friday, March 25, and the next payroll will be paid in April.…

A: Accrued expense: This is the expense incurred but not yet paid. It is treated as liability until the…

Q: Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator.…

A: Gross Pay: The total amount such as salary, wages, commissions, overtime, and bonus paid by an…

Q: Robert LaClerq is paid a regular wage of $9.50 an hour, overtime at the rate of 12 times the regular…

A: Interpretation of Data: Regular Wage per hour= $9.5 Overtime rate= 1.5times of regular one ie.…

Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.