Exercise $3-3$ Adjusting and paying accrued wages LO P$3$

Pablo Management has five employees, each of whom earns $$215$ per day. They are normally paid on Fridays for work completed

Monday through Friday of the same week. Near year$-$end, the five employees worked Monday December $31$ and Wednesday through

Friday, January $2,3,$ and $4.$ New Year'Exercise $3-3$ Adjusting and paying accrued wages LO P$3$

Pablo Management has five employees, each of whom earns $$215$ per day. They are normally paid on Fridays for work completed

Monday through Friday of the same week. Near year$-$end, the five employees worked Monday December $31$ and Wednesday through

Friday, January $2,3,$ and $4.$ New Year's Day $($January $1)$ was an unpaid holiday.

Prepare the year$-$end adjusting entry for wages expense and record payment of the employees' wages on Friday January $4.$

Journal entry worksheet

Record the year$-$end adjusting entry for wages expense.

Note: Enter debits before credits.

$3$ of $15$ Next $>$s Day $($January $1)$ was an unpaid holiday.

Prepare the year$-$end adjusting entry for wages expense and record payment of the employees' wages on Friday January $4.$

Journal entry worksheet

Record payment of the employees' wages on Friday January $4.$

Note: Enter debits before credits.

$3$ of $15$