Accrual of Wages Consider the following calendar: September SMTWTFS 12 345 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 The Golden Rule Department Store commenced business on September 1. It is open every day except Sunday. Its total payroll for all employees is $8,000 per day. Payments are made each Tuesday for the preceding week's work through Saturday.

By using the balance sheet equation format, analyze the financial impact on the Golden Rule of the following: 1. Disbursements for wages on September 8, 15, 22, and 29. 2. Adjustment for wages on September 30. Also prepare the journal entry.