On Friday 26 January Snell Tables paid employee wages up to the end of that day. 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 business pays $800 a day in wages. The adjusting entry to accrue wages expense at the end of January is:
Wages expense 2,400
                              Wages
payable 2,400
100%
Wages expense 4,000
                                    Wages payable
                       4,000
0%
No adjusting entry is required.
0%
Wages expense 800
Wages
payable                        800
0%

Question

On Friday 26 January Snell Tables paid employee wages up to the end of that day. 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 business pays $800 a day in wages. The adjusting entry to accrue wages expense at the end of January is:

Wages expense 2,400

Wages

payable 2,400

100%

Wages expense 4,000

Wages payable

4,000

0%

No adjusting entry is required.

0%

Wages expense 800

Wages

payable 800

0%

Answer

Wages expense  2,400

Wages
payable                         2,400

Answer

Wages expense  4,000

Wages payable
                       4,000

Answer

No adjusting entry is required.

Answer

Wages expense  800                                     Wages
payable                        800

Crowdly

On Friday 26 January Snell Tables paid employee wages up to the end of that day....

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