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Alison Co., pays its employees every Friday for work performed through that Friday. Alison employees work Monday through Friday. They do not work on weekends.
Alison Co., pays its employees every Friday for work performed through that Friday. Alison employees work Monday through Friday. They do not work on weekends. The gross payroll for Alison is $10,000 each week. Alison will pay its employees $10,000 on Friday, April 3rd. This payroll is for wages earned Monday March 30th through Friday April 3rd. How much of the $10,000 paid on April 3rd should be expensed in April?
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