FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29–31). Employees work 5 days a week and the company pays P80,200 a day in wages. How much is the accrued wages expense at the end of January? FDN Company paid employee wages on and through Friday, January 26, andthe next payroll will be paid in February. There are three more working days inJanuary (29-31). Employees work 5 days a week and the company paysP80,200 a day in wages. How much is the accrued wages expense at the endof January?

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

Answered: FDN Company paid employee wages on and…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter9: Current Liabilities And Contingent Obligations

Section: Chapter Questions

Problem 4RE

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FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29–31). Employees work 5 days a week and the company pays P80,200 a day in wages. How much is the accrued wages expense at the end of January?

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