On December 31, the trial balance shows wages expense of $1,065. An additional $355 of wages was earned by the employees, but has not yet been paid. Analyze this adjustment for supplies using T accounts, and then formally enter this adjustment in the general journal. (Trial balance is abbreviated as TB.)   Income Sheet Supplies Expense  TB = adj= balance=   Balance Sheet ( Wages Payable) Adj;     DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT   1 20-- Dec. 31 wages expense

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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.