The following adjusting entry for accrued wages was recorded on December 31:Dec. 31              Wages Expense                 5,500                          Wages Payable                  5,500a. Journalize the reversing entry that would be made on January 1 of the next period.b. Assume that the first paid period of the following year ends on January 6 and that wages of $61,375 were paid. Journalize the entry to record the payment of the January 6 wages.c. Journalize the entry to record the payment of the January 6 wages assuming that a reversing entry was not made on January 1.d. What is wages expense for the period January 1–6?

College Accounting (Book Only): A Career Approach
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ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 3PA: The following partial work sheet covers the affairs of Masanto and Company for the year ended June...
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The following adjusting entry for accrued wages was recorded on December 31:
Dec. 31              Wages Expense                 5,500
                          Wages Payable                  5,500
a. Journalize the reversing entry that would be made on January 1 of the next period.
b. Assume that the first paid period of the following year ends on January 6 and that wages of $61,375 were paid. Journalize the entry to record the payment of the January 6 wages.
c. Journalize the entry to record the payment of the January 6 wages assuming that a reversing entry was not made on January 1.
d. What is wages expense for the period January 1–6?

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