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Merando Industries employs a 5-day workweek and a September 30 year-end. Normal weekly wages amount to $36400. If September 30 ends on a Wednesday, what
Merando Industries employs a 5-day workweek and a September 30 year-end. Normal weekly wages amount to $36400. If September 30 ends on a Wednesday, what is the appropriate journal entry on October 2, the next payday for Merando?
Salaries and Wages Expense $21840 Salaries and Wages Payable $14560 Cash $36400 |
Salaries and Wages Expense $21840 Cash $21840 |
Salaries and Wages Payable $21840 Cash $21840 |
Salaries and Wages Expense $14560 Salaries andWages Payable $21840 Cash $36400 |
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