Question
ebook On December 31, 20--, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a Tuesday, then Karmansky Company must
ebook On December 31, 20--, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a Tuesday, then Karmansky Company must account for two days of wages. The company operates on a five-day workweek, the prior week's gross pay was $32,650, and the net pay was $21,330. Journalize the adjusting entry to be made on December 31 for the accrued wages. If an amount box does not require an entry, leave it blank. Account Wages Expense Wages Payable Feedback Show Me How Debit Credit 0 Check My Work Take gross pay and divide by the number of workdays in the week to get a daily pay; multiply the daily pay by the number of days worked by the employees which was not yet paid = accrued wages. (Ignore net pay). Debit Wages Expense; Credit Wages Payable
December 31,20, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a Tuesday, then Karmansky Company must account for two days of wages. The company operates on a five-day workweek, the prior week's gross pay was $32,650, and the net pay was $21,330. Journalize the adjusting entry to be made on December 31 for the accrued wages. If an amount box does not require an entry, leave it blank. Feedback Check My Work Take gross pay and divide by the number of workdays in the week to get a daily pay; multiply the daily pay by the number of days worked by the employees which was not yet paid = accrued wages. (Ignore net pay). Debit Wages Expense; Credit Wages Payable
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