Question
Exercise 3-4 (Algo) Adjusting and paying accrued wages LO P3 Pablo Management has eight employees, each of whom earns $135 per day. They are
Exercise 3-4 (Algo) Adjusting and paying accrued wages LO P3 Pablo Management has eight employees, each of whom earns $135 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the eight 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 December 31 year-end adjusting entry for wages expense and record payment of the employees' wages on Friday. January 4. View transaction list Journal entry worksheet 1 2 Record the year-end adjusting entry for wages expense. Note: Enter debits before credits. Date December 31 General Journal Debit Credit
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