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Exercise 3-2 Adjusting and paying accrued wages LO P3 Pablo Management has nine employees, each of whom earns $180 per day. They are paid on
Exercise 3-2 Adjusting and paying accrued wages LO P3 Pablo Management has nine employees, each of whom earns $180 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the nine 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. View transaction list Journal entry worksheet Record the year-end adjusting entry for wages expense. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Pablo Management has nine employees, each of whom earns $180 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the nine 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. View transaction list Journal entry worksheet Record payment of the employees' wages on Friday, January 4. Note: Enter debits before credits. Date General Journal Debit Credit January 04 Record entry Clear entry View general journal
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