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Exercise 3 - 7 ( Algo ) Adjusting and paying accrued wages LO P 3 Pablo Management has four employees, each of whom earns $
Exercise Algo Adjusting and paying accrued wages LO P
Pablo Management has four employees, each of whom earns $ per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near yearend, the four employees worked Monday, December and Wednesday, Thursday, and Friday, January and New Year's Day January was an unpaid holiday.
Prepare the December yearend adjusting entry for wages expense and record payment of the employees' wages on Friday, January
Journal entry worksheet
Record payment of the employees' wages on Friday, January
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditJanuary f
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