Exercise 3-2 Adjusting and paying accrued wages LO P3 Pablo Management has eight employees, each of whom earns $165 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the eight employees worked Monday, December 31, and Wednesday through Friday. January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. View transaction list Journal entry worksheet Record the year-end adjusting entry for wages expense. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal
Exercise 3-2 Adjusting and paying accrued wages LO P3 Pablo Management has eight employees, each of whom earns $165 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the eight employees worked Monday, December 31, and Wednesday through Friday. January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. View transaction list Journal entry worksheet Record the year-end adjusting entry for wages expense. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal
Corporate Financial Accounting
15th Edition
ISBN:9781337398169
Author:Carl Warren, Jeff Jones
Publisher:Carl Warren, Jeff Jones
Chapter4: The Accounting Cycle
Section: Chapter Questions
Problem 4.27EX: Appendix 2 Adjusting and reversing entries On the basis of the following data, (A) journalize the...
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