Accrued Wages} Rising Stars Hockey pays its hourly employees every Saturday. The weekly payroll for hourly employees
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Accrued Wages}
Rising Stars Hockey pays its hourly employees every Saturday. The weekly payroll for hourly employees is \(\$ 5,000\) and the employees' hours are spread evenly from Monday through Saturday. During the current year December 31 falls on a Wednesday.
\section*{Required:}
Given this information, determine the adjusting journal entry that Rising Stars must make on December 31 .
\section*{OBJECTIVE (2) Exercise
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Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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