If Dec. 31 falls on a Tuesday before the Friday of pay day (biweekly pay 100/dat), Green landscaping must accrue a liability to its employees.

When Green pays 10000 to its employees on Jan. 3, 3 days pay is an expense of the current year. Also, 7 days pays retired the wages payable from Dec. 31st.

Make adjusting entries

A companys employees earn 25000 weekly, work 5 days per week (Mon-Friday) and gets paid each Friday

If the previous pay day was Jan 26 and the accounting period ends on Jan 31st, what is the ending balance in the wages payable and expense account on January 31.

Make adjusting entries