The Hilltop Inn pays its employees on a biweekly basis. The last day of the pay period for January is the 25th. The biweekly gross pay for Hilltop's employees has averaged $4,200. Assume a biweekly pay period covers 14 workdays. Required: 1. Estimate the amount of wages payable at the end of January. 2. Record the adjusting entry for January

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter8: Payroll Accounting: Employee Earnings And Deductions
Section: Chapter Questions
Problem 1CP: Irina Company pays its employees weekly. The last pay period for 20-1 was on December 28. From...
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Problem 9: The Hilltop Inn pays its employees on a biweekly basis. The last day of the pay period for January is the 25th. The biweekly gross pay for Hilltop's employees has averaged $4,200. Assume a biweekly pay period covers 14 workdays.
Required:
1. Estimate the amount of wages payable at the end of January.
2. Record the adjusting entry for January


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